What was 2024’s global light vehicle market total?

Global sales; BYD/Korea; Europe job losses; Hino emissions charges

Forward this email  |  View in browser JustAuto In Brief January 17, 2025 Client Showcase Improving the future of electric vehicles with fire safety Are your electric vehicle safety protocols futureproof? With an increasing number of EVs on the road, regulators are turning their attention to the fire risks associated with EVs - and increasing pressure on manufacturers to prevent and mitigate them.   Download free whitepaper SPOTLIGHT READ China-made vehicle sales rise 4.5% in 2024 Domestic market remains sluggish, despite second half upturn. Got a minute to take part in our research?  Answer the poll LATEST NEWS Client Showcase The critical role of cooling tubes in EV fire safety Advanced cooling tubes in electric vehicles enhance performance and reduce fire risks by managing battery temperature. Novel materials are changing the landscape of fire-risk mitigation. Global light vehicle sales up 2% in 2024 – GlobalData Global vehicle sales totalled 89 million units in 2024 as key markets were comfortably up on the previous year.   European automotive supplier job losses hit record high in 2024: CLEPA report The report suggested that European automotive suppliers face severe job cuts and investment drops amid demand decline.   Hino agrees to settle US emissions charges Settlement to cost a reported US$1.6bn.   BYD officially enters South Korean market Launch event held in Incheon for the Atto 3.   Downturn in the Indian market expected in December 2024 Despite the downturn in December, the Indian market is likely to have concluded 2024 with record-high sales.   Rivian secures $6.6bn DOE loan for Georgia EV manufacturing plant  The company plans to build a nine million square foot facility capable of producing up to 400,000 mass-market electric SUVs and crossovers annually.   KGM and Phinia to co-develop hydrogen engine The 2L engine will be developed for light utility vehicles.   Renault Group reports 1.3% increase in global sales for 2024 The firm is planning to launch seven new models this year. Read more news INDUSTRY INSIGHTS Excellence Awards 2024 – Winners Announced! The Just Auto Excellence Awards highlight industry achievements, celebrating innovation, transformative projects, and impactful initiatives. Download the 50+ page report to explore the winners! IN-DEPTH READ Automotive Vehicle Access, Anti-theft, and Security Market Overview   GlobalData's latest report synthesizes data from multiple sources to offer a comprehensive overview of the global vehicle access, anti-theft, and security sector. Per our analysis, the global market was estimated at 118.0 million units in 2024, recording a substantial annual growth of 6.3%. Over the forecast period, the sector is expected to record a CAGR of 3.7% by 2029. Download Free Sample Pages MORE FOR YOU Explore our marketing solutions   Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites. Request a demo Just Auto Digital Magazine   Issue 22 | December 2024   In this issue: What's in store for 2025? We take a look at major industry developments and trends. Read the magazine Click below to view more from across the network: Airport Technology   |   Railway Technology   |   Ship Technology   Was this email forwarded to you? Sign up here.   Please send any news or comments to: editor@just-auto.com   GlobalData   At GlobalData we have a proven track record in helping thousands of companies, government organizations, and industry professionals benefit from faster, more informed decisions. You can update your communication preferences to make sure you receive the right information for you.    GlobalData, John Carpenter House | Registered in England No. 03925319, John Carpenter Street, London, EC4Y 0AN, United Kingdom London  Unsubscribe  |   Manage Preferences