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Automotive
The mission of the Automotive industry – one of the most globalised industries – is to provide safe and accessible transportation for the world’s increasing population. The industry is one of the main engines of economic growth, with important multiplier effects both in upstream sectors such as metal processing, chemicals, and textiles, and in downstream sectors like ICT, trade and services. It is also one of the biggest innovators on a global scale, rapidly adopting breakthrough technologies that address the need for more efficient and environmentally-friendly transport solutions.
The Automotive industry involves the manufacturing of bodies, engines, parts and whole vehicles for ground transportation. Such vehicles include motorcycles, cars, light commercial vehicles and heavy commercial vehicles.
China's automotive sector continued to rank first globally in terms of production and sales in 2024. According to statistics published by the China Association of Automobile Manufacturers (CAAM), the country's total motor vehicle output and sales ...
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Latin America's role in the global automotive sector has diminished in the past ten years. In 2023, the region accounted for 7.6% of the world's production and 5.9% of global sales. Nine out of every ten vehicles manufactured in the region are made ...
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Indonesia is the largest market for both two-wheel and four-wheel vehicles in the ASEAN region and ranks as the second largest motor vehicle producer in the bloc. The automotive sector plays a vital role in the country's economic growth and has been ...
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The automotive sector in Brazil witnessed a very positive performance between July and September 2024. In Q3 2024, sales of new motor vehicles in Brazil reached 715,052 units, increasing by 13.3% y/y and by 13.6% against Q2 2024. Passenger cars were ...
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Aiming to accelerate industrial transformation and achieve carbon neutrality, the Chinese government has been actively encouraging the development of the new energy vehicle (NEV) industry. As a result, China has witnessed surges in the production and ...
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The largest producer of four-wheel vehicles in ASEAN, Thailand has positioned itself as a regional production and export hub. The strength of the Thai automotive industry lies in the long-standing presence of Japanese motor vehicle manufacturers, ...
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In 2023, Malaysia continued to consolidate its position as the third-largest four-wheel motor vehicle manufacturer (behind Thailand and Indonesia) and the second-biggest four-wheel motor vehicle market (behind Indonesia) in the ASEAN region. ...
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Four-wheel motor vehicle production in ASEAN (particularly Thailand, Indonesia, Malaysia, the Philippines, Vietnam and Myanmar) dropped by 31.6% y/y in 2020 due to the negative effects of the COVID-19 pandemic. However, output saw a strong rebound in ...
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