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Global Public EV Charging Piles Growth to Slow Significantly in 2024, Led by China and South Korea, Says TrendForce

20 November 2024

TrendForce's latest findings report that global public EV charging pile deployment is being constrained by land availability and grid planning, compounded by a slowdown in the growth of the NEV market. The 2024 growth rate is a projected 30%—a sharp drop from the 60% recorded in 2023.

BYD’s Self-Developed Inverters Tie Denso for Top Global Market Share in 2Q24, Says TrendForce

5 September 2024

TrendForce’s latest findings reveal that global installations of EV traction inverters reached 6.45 million units in 2Q24, marking a 24% increase from the previous quarter. The growth was primarily driven by hybrid vehicles (including HEVs and PHEVs). Among the EV powertrains, PHEVs led with a 26% quarterly increase in installations, while BEVs followed with an 18% increase.

Global NEV Sales Increase 24.2% in Q2; Chinese Subsidies Expected to Boost Market Share for Chinese Brands, Says TrendForce

22 August 2024

TrendForce’s latest findings show that global sales of NEVs—including BEVs, PHEVs, and FCVs—reached 3.769 million units in 2Q24. This represents a nearly 30% quarterly growth and a 24.2% YoY increase. While Tesla maintained its position as the leader in BEV market share, its sales declined compared to last year. BYD, in addition to its steady BEV sales, saw its PHEV market share surpass 36% in Q2.

AR Device Shipments Expected to Reach 25.5 Million Units by 2030, with LEDoS Technology Becoming Mainstream, Says TrendForce

19 August 2024

TrendForce reports that global AR device shipments are projected to reach 25.5 million units by 2030—with a CAGR of 67% from 2023 to 2030—thanks to product planning by AR brands and the advancement of AI technology and application ecosystems. Among these, the penetration of LEDoS technology is expected to rise significantly, reaching 44% by 2030, making it the mainstream technology in the market.

EU Tariffs Act as Catalyst, Chinese Automakers to Accelerate Launch of 14 New Overseas Plants, Says TrendForce

9 July 2024

The EU has initiated provisional countervailing duties on Chinese-made BEVs as of July 4, 2024. While new tariff percentages have been announced, they show minimal change from the rates published on June 12. The tariffs include 17.4% for BYD, 19.9% for Geely, and 37.6% for SAIC. Additionally, automakers identified as cooperating with the investigation but not sampled will face a 20.8% tariff—affecting a total of 13 companies—while other automakers not listed will be subject to a 37.6% tariff.


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