Global NEVS, a leader in automotive market analytics, has launched a unified model standard designed to streamline market insights and enhance decision-making across the automotive industry. This new standard aims to provide a holistic view of the global car market by integrating data from 60,000 suppliers covering over 1,700 auto parts.
The initiative addresses the challenge of differing model names across countries, simplifying comparisons and analysis. For instance, the Toyota Corolla is known by various names in different markets, such as Ka Luo La, Lei Ling, and Hua Guan in China. In 2023 alone, 69 million passenger vehicles were sold worldwide, stemming from more than 2,000 models and 130+ brands active in at least two countries.
Global NEVS has established a robust set of criteria for car model evaluation, developed by their professional data governance team. This criteria set facilitates clear, easy comparisons of market performances overall brands and models and supports cross-sectional analysis among diverse data types, enhancing the application of data for strategic decision-making.
The platform also features multi-dimensional analysis tools, including detailed charts that help stakeholders quickly identify market trends and adapt to the rapidly evolving automotive landscape. With the industry moving towards electrification and intelligent technologies amid increasing competition and shifts in supply and demand, Global NEVS’s tools are more crucial than ever.
The platform categorizes data by several metrics, including country, brand, model, fuel type, body type, and market segment, allowing users to obtain customized insights. Filters for fuel types and analytical charts aid automakers in identifying and capitalizing on early market opportunities, ensuring they remain competitive in a fast-changing environment.
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