Hyundai Motor Global Sales Down 2% YoY in March 2025
2025/04/01
Production & Sales

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US Remains Second Largest Market for EU Vehicle Exports, with Growing EV Potential
The US remains the second largest market for EU vehicle exports, accounting for 22% of the EU's export market in 2024. German automakers are the largest suppliers to the US, with exports amounting to €32.71 billion, representing 64.27% of EU exports to the US. Although the US electric vehicle market is relatively small, it is growing rapidly, with BEV and PHEV sales reaching approximately 100GWh in 2024. European automakers have a significant manufacturing presence in the US, creating numerous jobs.
Leapmotor Announces Product Plan for 2025-2026
Leapmotor Chairman Zhu Jiangming revealed the company's future product plans at the C16 user sharing session. In the second quarter of 2026, Leapmotor will launch a flagship MPV based on the D platform, positioned as a luxury model with an estimated price of around 200,000-300,000 yuan, alongside a full-size SUV. In 2025, Leapmotor will focus on expanding its B series, including the B10 pure electric SUV, B01 pure electric sedan, and an entry-level hatchback, the B05. Existing models are also expected to be refreshed in 2025.
China Accelerates the Construction of a Unified National Electricity Market to Promote Energy Transition and Optimization
By the end of 2024, China's new energy power generation capacity exceeded thermal power for the first time, marking significant progress in energy transition. To address the coordination challenges between new and traditional energy, China is accelerating the construction of a unified national electricity market. In 2024, cross - provincial and cross - regional market - based electricity trading volume reached 1.4 trillion kWh, more than ten times that of 2016. The unified national electricity market is expected to be preliminarily established in 2025, facilitating the optimization of energy resources and promoting green and low - carbon development.
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EU Adjusts CO₂ Emission Targets for Cars, Aiding Industry Transformation
The European Commission has proposed extending the CO₂ emission compliance period for cars and vans to a three-year average, addressing real-world market and geopolitical challenges. This adjustment provides flexibility for manufacturers but must be complemented by demand incentives and charging infrastructure deployment. Currently, the market share of BEVs stands at only 15%, highlighting the need for further market development.
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Toyota Kirloskar Motor Achieves Record Sales in FY24-25
Toyota Kirloskar Motor (TKM) reported its highest-ever sales in a financial year, with 337,148 units sold in FY24-25, marking a 28% year-over-year increase. In March 2025, TKM sold 30,043 units, up 11% compared to the same period last year. The growth was driven by a 35% increase in SUV and MPV sales, a 59% surge in exports, and stronger market presence in Tier II and III cities.
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2025 Kia Sportage Launches with a Starting Price of 179,800 Yuan, Upgraded Configurations and Multiple Promotions
The 2025 Kia Sportage has officially launched, offering 12 models with prices ranging from 179,800 to 237,800 yuan. The new model retains the tiger-nose front face design, with dimensions of 4670/1865/1680mm and a wheelbase of 2755mm. It introduces new Luxury Comfort and Prestige Smart versions, equipped with panoramic sunroofs, electric seats, Kia Connect & Baidu Smart Interconnection System 3.0, and multiple advanced driving assistance features. Buyers can also enjoy comprehensive discounts down to 115,800 yuan, as well as financial subsidies and maintenance benefits.