Clarity (Honda)

Sep 20, 2021

Announced on September 17, 2021, Thailand SET-listed Cho Thavee Pcl (CHO) has signed a Memorandum of Understanding (MoU) with AJ Advance Technology Pcl (AJA) to study the component structure and prices of electric motorcycles for the feasibility of producing and assemble an electric motorcycle (in whole or in part) as well as electric motorcycle battery. The objective is to reduce the cost of producing electric motorcycles to serve sales and after sales service.
According to CHO and AJA, this MoU is only a cooperation to study the feasibility of the above objectives. It is expected to see clarity by 2021. If this project cannot be completed, this MoU will be terminated and not be binding on both parties in any way.
(From CHO Thawee and AJ Advance Technology SET announcement on September 17, 2021)

Aug 27, 2021

On August 25, Society of Indian Automobile Manufacturers (SIAM) president announced SIAM and Automotive Component Manufacturers Association of India (ACMA) have together worked out a Localization Roadmap with a target of about 15-20% further localization in next 2 to 5 years.
SIAM has prepared an approach paper for long term regulation roadmap that takes care of all aspects and gives clarity on future investments and the industry is working hard on New Powertrain Technologies.
He was speaking at SIAM’s 61st Annual Convention.
Minister of Heavy Industries acknowledged that increased localization supported by the PLI initiatives of government would make the industry more robust. He emphasized on the need for developing EV charging infrastructure and also focus on manufacturing quality products.
Confederation of Indian Industry (CII) president said that auto sector should focus on six key areas going forward. These are, electric vehicles, circularity, urbanization, resilient Supply chain that is not affected by extreme weather and geo political issues, reap in functionality and embed sustainability.

Based on press release from SIAM

Aug 03, 2021

Reported on July 30, 2021, the recently-held Invest ASEAN webinar under the theme of “The Rise of ASEAN EV”, organized by Maybank Investment Bank found that key to driving the adoption of EVs is the government’s direct involvement, including laying out of clear policy along with incentives to change consumer behavior towards their choice of vehicle.
In order for the developments to be set in motion, clear timelines must be set for the wider adoption of EVs and the phasing out of ICE vehicles, and putting in place incentives for using EVs – as well as disincentives for using ICE vehicles – will increase the demand for EVs, the webinar found. Stakeholders such as automotive OEMs, oil and gas companies, utility firms, EV charging station operators in addition to the government should be working together to build a well-planned charging infrastructure, said director of EV Connection. Meanwhile, EV batteries need to be considered separately from the vehicles themselves in order to maximize environmental benefits, said Oyika.
Though ASEAN countries are progressively updating their EV roadmaps, Malaysia and the Philippines are laggards in this regard, according to research by Maybank, which also predicts that EV sales will reach parity with those of ICE vehicles by 2030 driven by the global decarbonization agenda and millennial consumer preferences. While Malaysia’s Low Carbon Mobility Blueprint “is an important catalyst,” the report finds that more focus should be placed on BEVs instead of HEVs or PHEVs, it said, adding that while the Philippines’ EV roadmap direction still lacks clarity and direction.
(From an article of Paul Tan on July 30, 2021 and multiple sources)

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