Toyota Motor Focuses on Capacity, Product Development to Accelerate Electrification in China
Toyota Motor Focuses on Capacity, Product Development to Accelerate Electrification in China Toyota Motor’s sales in China increased 9% year-on-year in 2019 to 1.62 million units (company announcement, including Lexus), reaching a record high. The strong performance of its flagship products, the Corolla and Levin, remained the biggest driving force of sales. In the medium term, the Chinese market is expected to grow significantly, and Toyota is looking to increase local production capacity to 2.8 million units by 2025 and to 3.5 million units by 2030.Read more...
|2020.03.16||China||Manufacture New Models Sales||Chery Automobile Focuses on New-energy Vehicle, Connected Technology Development|
|2020.03.09||China||Manufacture New Models Market||China’s SUV Market: Chinese Share Declines; EU, Japanese Companies Expand Sales|
|2020.03.02||China||Government Policy Production etc.||Impact of New Coronavirus: Chinese Automobile Production Forecast to Decline 600,000 Units in January, 1.13 Million Units in February|
|2020.03.02||China||Technology||China’s BEV Charging Infrastructure Increased to 1.21 Million Charging Poles in 2019|
Akebono Brake Industry Closes Plants, Reduces Workforce in Accordance with Revitalization Plan
Akebono Brake Industry applied for a business revitalization ADR procedure in January 2019 due to sluggish US business caused by poor business management. The company is now working on business revitalization. This procedure was completed in September of the same year with the consent of the business revitalization plan by all the relevant financial institutions. The company plans to re-examine the specific execution plan and implementation time under the new management system. According to the business revitalization plan, sales are expected to halveRead more...
|2020.03.16||Japan||Sales||Toyota Motor Surpassed Its Initial Domestic Target in 2019, Selling 1.61 Million Vehicles|
|2020.03.09||Japan||Market Import||Japan’s Imported Vehicle Market in 2019: Sales Plunge After Tax Hike, Typhoon|
|2020.03.02||Myanmar China Japan India Indonesia||Manufacture Finance Sales Production Personnel matters||Toyota Motor’s Global Production and Sales Are Expected to Slightly Increase in 2020|
India’s Electric Vehicle Segment: Market Expansion, Domestic Production Are Underway
India is making great efforts to expand the use of electric vehicles and strengthen domestic production. Auto Expo 2020, India’s main auto show, held near Delhi in February 2020. The announcement and exhibition of new electric automobiles (concept and mass-produced) by Indian and Chinese companies stood out at the event. Looking at motorcycles, mainly local manufacturers displayed their product lineups. Simultaneously, an auto parts show was held in the center of Delhi, exhibiting drive motors for electric vehicles among other products. The story goesRead more...
|2020.03.16||India||Sales||India’s Automobile Market in 2019: Sales Declined 13% to 3.82 Million Units|
|2020.03.09||India Indonesia Vietnam||Supplier Production||Ashok Minda Group Strengthens Competitiveness of Security System Division|
|2020.03.02||India||etc. Manufacture Market||Motorcycle Sharing in India, Bounce, Vogo Expand Business Mainly in Bangalore|
Thailand’s Automobile Market in 2019: Overall Sales Dropped 3.3% to 1 million Units
The Thai automobile market fell 3.3% year-on-year to 1.08 million units in 2019. Despite maintaining sales above 1 million units for the second consecutive year, the market environment deteriorated in the second half of 2019 due to tightening of car loans and other factors, leading to a decline in sales for the first time in three years. On a monthly basis, the market contracted for the seventh consecutive month from June 2019 to December of the same year, declining double digits from September 2019 until the end of the year. Looking at sales by vehicRead more...
|2020.03.16||Malaysia||Sales||Malaysia’s Automobile Market in 2019: Overall Sales Went Up 1% to 600,000 Units|
|2020.03.16||Indonesia S. Korea||Export Import Regulation||Hyundai Announced Business Expansion in Indonesia with the IK-CEPA|
|2020.03.09||Malaysia||Manufacture New Models Market||Proton: X70, Upgraded Saga Pushed Up Sales in 2019, Automaker Recovering to 2nd Place in Malaysia|
|2020.03.02||Vietnam Myanmar Thailand Malaysia Indonesia Asean||Manufacture Production||Lead-acid Battery Business in ASEAN, Hitachi Chemical Restructures Thai Operations|