TrendForce’s latest report reveals that global EV traction inverter installations reached 8.67 million units in 4Q24, marking a 26% QoQ increase. Strong demand from China and Europe served as the primary growth driver, leading to a 28% increase in installations for both BEVs and PHEVs compared to the previous quarter. This surge propelled Huawei into the top five global traction inverter suppliers for the first time.
TrendForce’s latest investigations reveal that global sales of new cars are expected to reach 90.6 million units in 2025, marking a 2.4% YoY increase. China will account for the largest share at 29%, followed by the US at 18% and Western Europe at 15%. However, the US market faces significant uncertainty due to tariffs, while competition in China’s smart vehicle sector is expected to heat up.
Government worldwide are ramping up investments in robotics R&D as labor shortages and rising costs persist. TrendForce reports that China, Japan, the US, South Korea, and Germany have consistently ranked among the top five countries for industrial robot installations and are expected to continue executing over US$13 billion in related projects by 2025. The US boasts a more advanced AI ecosystem, while China is focused on building a robust supply chain. This divergence is expected to drive greater product pricing variations and application diversity in the future.
TrendForce’s latest investigations find that global sales of NEVs—including BEVs, PHEVs, and FCVs—reached 16.29 million units in 2024, marking a 25% YoY increase. The Chinese market expanded its share to 67%, further solidifying its dominance. Looking ahead, global NEV sales are projected to grow by 18% in 2025, with China expected to maintain its upward trend. Meanwhile, policy changes in the US could introduce uncertainties.
TrendForce’s latest investigations reveal that nearly 90% of newly launched electric passenger car models (including BEVs, PHEVs, FCVs, and HEVs) in 2024 will feature SAE Level 2. These systems predominantly include automatic emergency braking, adaptive cruise control, and lane-keeping assist, although not all models will offer all three functionalities. However, the adoption of more advanced SAE Level 3 autonomous systems remains limited due to high technological barriers, unresolved regulatory challenges, and elevated vehicle costs.