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This Thursday, 17th November 2022 at 14:00 GMT, the LMC Powertrain team at GlobalData will host a webinar on the outlook for global powertrain and electrification. Click here to register, and find out: How the roadmaps of automakers and battery suppliers are driving demand for materials that the mining and chemicals sectors will struggle to […]
Jaguar Land Rover results point to mixed picture on sector semiconductors shortage
Following the release of quarterly financial results data today by Tata Motors owned Jaguar Land Rover (JLR); David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “It’s a mixed picture for many car companies right now as supply shortages ease in some markets, while problems persist elsewhere. Global manufacturing […]
BYD well positioned to accelerate market development strategy, says GlobalData
BYD Co. Ltd has witnessed a surge in domestic demand as it has rolled out multiple new models over the last year. Each of these models, underpinned by the company’s cell-to-pack battery technology, which uses long format lithium ferrous phosphate (LFP) blade cells, has enabled the company to improve its competitiveness. As a result, BYD […]
UK car sector faces tough trading conditions for next 18 months, says GlobalData
Following the release of data today by the Society of Motor Manufacturers and Traders (SMMT), showing that the UK new car market was up 26.4% in October; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “The year-on-year gain recorded in October is welcome of course, but the comparison […]
Toyota overestimates the pace of supply-chain recovery with global light vehicle plans likely to be cut by over 5%, says GlobalData
Following Toyota Group’s announcement on Friday that its global production volume for the fiscal year ending March 2023 will be lower than planned due to supply-side issues; Justin Cox, Director, Global Production at Global Data’s LMC Automotive division, offers his view: “It’s not just Toyota that is battling against supply-side disruption and material shortages. GlobalData […]
UK automotive sector faces big challenges ahead despite output gain in August, says GlobalData
Following the release of statistics by the Society of Motor Manufacturers and Traders (SMMT) showing that UK car production in August grew for the fourth consecutive month, up 34% year-on-year to 49,901 units; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “The growth trend of recent months is […]
Challenges rising in Europe’s car market, says GlobalData
Leading data and analytics company GlobalData has released data showing that Western Europe’s car market was up 3.7% year-on-year in August and the annual selling rate was also up versus July. David Leggett, Automotive Analyst at GlobalData, comments: “The Western Europe car market was up versus last year and the annual selling rate improved to 12.4 million […]
UK August car market is calm before the storm, says GlobalData
Following the release of data today by the Society of Motor Manufacturers and Traders (SMMT), showing that the UK new car market was up in August (at +1.2%) for the first time since February; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “Annual market growth – however slight […]
A weak recovery is in prospect for the UK car market through 2023, says GlobalData
Following the release of data today by the Society of Motor Manufacturers and Traders (SMMT), showing that the UK car market was down 24.3% in June; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view; “UK new car sales fell by 24.3% in the month of June as supply […]
Volvo finds low cost route to ramp up EV capacity with new Slovakia plant, says GlobalData
Following the news today that Volvo Cars will build a third European manufacturing plant in Slovakia; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “This is a smart move for Volvo Cars to add much needed future production capacity in electric vehicles in Europe in a low cost […]
UK car output up at last but stronger headwinds ahead, says GlobalData
Following the release of data today by the Society of Motor Manufacturers and Traders (SMMT), showing that UK car production in May grew for the first time since June 2021 in May, up 13.3%; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “Although UK car output posted its first rise in 11 months in May, headwinds for the UK’s industry are gathering […]
180,000 bugs in every fully autonomous vehicle are like an open door to cyber criminals, says GlobalData
Many autonomous vehicles are not fully protected against cyberattacks, with GlobalData, a leading data and analytics company, estimating that there may be up to 180,000 bugs in the code operating a level 5 autonomous vehicle*— potentially leaving hackers with 15,000 security vulnerabilities to choose from. GlobalData’s latest report, ‘Cybersecurity in Automotive – Thematic Research’, stresses […]
Toyota, GM and Ford were among the top automotive companies discussing emissions in Q2 2022, finds GlobalData
With a rising focus on achieving zero emissions, GlobalData’s Mentions per Company* index found that mentions (per company) of ‘Emissions’ in automotive company filings was up 17% in Q2 2022** over Q1 2022, while rising 9% compared to Q2 2021. The leading data and analytics company found that original equipment manufacturers (OEMs) such as Toyota, General Motors (GM), […]
Toyota counts India as next EV destination, observes GlobalData
Following the news that Toyota Group India has signed a MoU with the Government of Karnataka (India) to invest US$530m in electric vehicles (EVs); Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Toyota Group’s investment will boost the electric vehicle (EV) manufacturing ecosystem in India. […]
Maruti Suzuki expects lower EV penetration in India by 2030 compared to government’s target, finds GlobalData
Maruti Suzuki has announced that its electric vehicle (EV) will be available in India for sale by 2025. It also iterated that the government’s target of 30% EV sales by 2030 may be difficult to achieve as the company expects EV penetration level between 8-10% by 2030 that looks realistically more possible, forecasts GlobalData, a […]
Recovery for global auto market is on hold, says GlobalData
Following the release of data today by the Society of Motor Manufacturers and Traders (SMMT), showing that UK car production was down 32.4% in first quarter; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view; “The SMMT UK output numbers show that we’re still in the grip of supply […]
Recovery for global auto market is on hold, says GlobalData
Following the release of data today by the Society of Motor Manufacturers and Traders (SMMT), showing that UK car production was down 32.4% in first quarter; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “The SMMT UK output numbers show that we’re still in the grip of supply […]
Honda looks to lift market reach in China, Japan, North America with all electric plan by 2040, says GlobalData
Following the news that Japanese automaker Honda plans to invest US$40bn in EVs as part of strategy to go all-electric by 2040; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Honda joins the league of global automakers such as Ford, GM and VW, which have […]
China vehicle sales succumb to COVID-19 in March 2022, observes GlobalData
Following the news that China vehicle sales fell by 11.7% in March after two months of increase, Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “In contrast to a positive jump of 18.7% in February, vehicle sales in China fell by 11.7% to 2.2 million […]
Prolonged Russia-Ukraine conflict could further affect automotive production in Russia, says GlobalData
The ongoing Russia-Ukraine crisis has already caused supply disruptions at certain auto manufacturing plants in Russia. The prolonged conflict could lead to even more supply constraints and subsequent delays in automotive production and shipments, finds GlobalData, the leading data and analytics company. A contraction in sales in Russia in particular, but also now spreading to […]