U POWER and partners launch Southeast Asia’s first battery-swap taxi fleet in Phuket, Thailand Announced on May 6, 2025, U POWER Limited (NASDAQ: UCAR) and global partners including UNEX EV, AUTO DRIVE, and Sumitomo Corporation Leasing launched Southeast Asia’s first battery-swap taxi fleet in Phuket, Thailand, on April 30. The initial rollout includes 21 UNEX EV-MG taxis, marking a major step in Thailand’s push for green and low-carbon tra...

News  Updated at: 2025/05/06

U Power conducts Southeast Asia's first public demonstration of EV battery swap station in Thailand Announced on April 8, 2025, U Power Limited (Nasdaq: UCAR) took a major step in its Southeast Asia expansion with a successful outdoor exhibition of its UOTTA battery swap station at the 2025 Bangkok International Motor Show in Thailand. The demonstration drew strong interest, with support from key partner SUSCO and over 80 Thai media organizations...

News  Updated at: 2025/04/09

GlobalData Blog: Thailand’s automotive industry at a crossroads Thailand’s automotive industry stands at a crossroads. While it remains a significant player in the ASEAN region, its traditional strengths are under pressure from global trends and domestic challenges. Thailand, formerly known as “the Detroit of Asia,” is losing its competitive edge as a major auto production hub and exporter, as overseas buyers are increasingly switching to...

News  Updated at: 2024/12/12

EV Primus: first Wuling EV unit already rolls off production line in Thailand Reported on December 10, 2024, EV Primus Co., Ltd., the first multi-brand EV distributor in Thailand and the sole distributor of Wuling electric vehicles in Thailand unveiled that the first Wuling unit (Wuling Binguo EV) has already rolled off the production line in its plant located at the Laem Chabang Industrial Estate, meeting the conditions required by the Excise D...

News  Updated at: 2024/12/11

Thailand EV Board approves extended BEV production timeframe under EV 3.0 / EV 3.5 schemes Announced on December 4, 2024, Thailand’s National Electric Vehicle Policy Committee (EV Board) has approved to give more time to BEV manufactures to meet their production commitment under the EV 3.0 incentive package. The EV 3.0 required them to produce EVs in Thailand to compensate for the units they imported from the start of this subsidies program in ...

News  Updated at: 2024/12/06

Juneyao Auto launches JY Air EV in Thailand; planning local assembly in 2025 On November 19, 2024, Juneyao Auto held its launch ceremony in Thailand, presenting the concept of “Joyful Drive, Joyful Life”. The company also unveiled JY Air, its electric sedan with One Box design philosophy, featuring a futuristic minimalist design. It is offered in 2 variants Standard and Plus, priced from THB 759,000 and THB 869,000, respectively (under EV 3.5...

News  Updated at: 2024/11/21

Hyundai announces commitment to Thailand’s EV ecosystem development On September 26, 2024, Hyundai Mobility Thailand (HMT) announced a strategic investment of over THB 1 billion to enhance its presence and contribute to the growth of Thailand’s EV ecosystem.  Thailand’s Board of Investment (BOI) has already approved Hyundai Mobility Manufacturing (Thailand) Co., Ltd.’s investment project that will focus on boosting the local EV productio...

News  Updated at: 2024/09/30

Participants in Thai EV support measures required to start production of key EV parts by 2026 Reported on September 24, 2024, Thailand’s Excise Department said auto manufacturers who enjoy the government’s EV promotion measures are required to start producing 3 crucial components for EVs, namely e-motor, reducer, and inverter, in Thailand by 2026. In Thailand, EV promotion measures have already been launched in the first phase (EV 3.0) and se...

News  Updated at: 2024/09/26

Thai BOI approves Hyundai’s plan to locally manufacture BEVs and batteries from 2026 Announced on August 7, 2024, the Thailand Board of Investment (BOI) has approved investment promotion applications worth a combined THB 1 billion (USD 28 million) by Hyundai Mobility Manufacturing (Thailand) Co., Ltd.  The company plans to start the local assembly of BEVs and EV batteries (starting from battery modules) in 2026. The operations will be conducte...

News  Updated at: 2024/08/07

Thai Excise Department says EV 3.5 measures to cost another THB 7 billion On July 8, 2024, Thailand’s Excise Department revealed that THB 7 billion has already been spent, offering subsidies on 40,000 EVs. The department is now seeking another THB 7 billion for this EV3.5 promotion. So far, this support measure has shown satisfying results as 30 vehicle manufacturers have applied for subsidies.  The department provides up to THB 100,000 in sub...

News  Updated at: 2024/07/10

GlobalData blog: ASEAN market report and outlook After Malaysia surpassed Thailand to become the second-largest Light Vehicle (LV) market in the ASEAN region in 2023, second only to Indonesia, our sales outlook requires careful consideration. In 2023, Malaysia’s total LV sales increased by 12% YoY to a record high of 793k units. Meanwhile, the Thai and Indonesian markets experienced 9% and 3% YoY declines, with sales reaching 756k and 929k unit...

News  Updated at: 2024/06/19

NEX Point - Dayun Automobile sign SCA for development of mini EVs in Thailand Announced on May 23, 2024, SET-listed NEX Point PCL and China-based EV manufacturer Dayun Automobile Co., Ltd (Dayun) have entered into a Strategic Cooperation Agreement (SCA) on May 22 regarding cooperation on the development of small electric vehicle in Thailand.  In the initial phase, NEX will import the Dayun Yuehu mini e-SUV for the purpose of marketing and test-m...

News  Updated at: 2024/05/24

Neta Auto Thailand joins govt.’s EV 3.5 package; Q1/2024 EV registrations up 12.1% Announced on April 25, 2024, Neta Auto (Thailand) Co., Ltd., has recently signed a Memorandum of Understanding (MOU) with the Thai Excise Department to receive government approval for the EV 3.5 policy. Participating in these government’s measures to support the use of EVs in the second phase will allow NETA to present more EV models to the Thai market, includi...

News  Updated at: 2024/04/29

GlobalData blog: Chinese light vehicle sales in Thailand increased dramatically in 2023, but questions remain in the long-term Despite Thailand Light Vehicle (LV) sales falling by 9% YoY in 2023, Chinese automakers’ sales rocketed by 104% YoY (this is not a typo, they really rose by over 100%!) Also, Chinese brands’ market share of the Thai LV market jumped from 5% of the total in 2022 to 11% in 2023. This outstanding Chinese sales performanc...

News  Updated at: 2024/03/07

Kia Sales Thailand exploring opportunities to manufacture EV locally Reported on March 5, 2024, Kia Sales Thailand mentioned its plan to consider investing in EV manufacturing locally, as it aims to be a key player in EV technology development. The company declined to reveal further details regarding the new investment, adding that the parent firm would make an announcement. Kia Corporation is reportedly in talks with the Thailand’s Board of In...

News  Updated at: 2024/03/05

BYD's BEV sales in Thailand expected to reach 50,000 units in 2024; new BYD ATTO 3 launched Reported on February 25, 2024, Rever Automotive launched the new BYD ATTO 3 BEV, of which the Standard Range got its battery capacity adjusted from 49.92 kWh to 50.25 kWh. (This will enable the ATTO 3 to get THB 100,000 subsidy from the government under the EV 3.5 scheme (those with the battery size under 50 kWh will only get THB 50,000 subsidy per car)). ...

News  Updated at: 2024/02/29

Changan buoyant about Thai EV market; signs MoU with Thai Excise Dept. for EV 3.5 package Reported on January 23, 2024, Changan Auto Sales Thailand believed that the Thai government’s goal to see 30% of all vehicles produced in Thailand to be EVs by 2030 might be achieved by 2027, considering the momentum in EV development and growing awareness among the buyers. Changan, which has already launched its EVs under the Deepal brand in Thailand, is ...

News  Updated at: 2024/01/24

Chinese automakers Great Wall and MG already ink MOU with Thai Excise Dept. for EV 3.5 package On January 19, 2024, GWM officially signed a Memorandum of Understanding (MOU) with the Thai Excise Department, becoming one of the first car brands in Thailand to receive government approval for the EV 3.5 policy.  The EV 3.5 policy has been officially implemented on January 1, 2024, for a period of 4 years. This policy comprehensively stimulates the ...

News  Updated at: 2024/01/24

Thai Cabinet approves EV 3.5 incentive package in Thailand, spanning 2024-2027 Announced on December 19, 2023, the Thai Cabinet has approved the EV 3.5 incentive package, which is set to further strengthen National Electric Vehicle (EV) Policy Committee’s push for electric mobility ecosystem in Thailand. Electric cars priced THB 2 million or less will get up to 40% reductions on import duties and will be subject to a 2% excise tax (down from 8%...

News  Updated at: 2023/12/20

Thai BOI introduces new measures that support uses of automation/robotics systems in automotive industry Reported on November 9, 2023, the Thai Board of Investment (BOI) Committee and the Deputy Prime Minister/Foreign Minister have approved investment promotion measures to boost the local automotive industry by supporting manufacturers in adopting automation and robotics systems, covering existing and new investments. This is expected to bring up...

News  Updated at: 2023/11/15