Skoda increases operating profit 30% in 2024 and shows glimpse of new SUV On March 13, Škoda Auto Group reported its strongest financial performance to date, achieving record sales revenue of EUR 27.8 billion in 2024, a 4.7% increase from 2023. Operating profit surged 30% to EUR 2.3 billion, with a return on sales rising to 8.3%. Net cash flow more than doubled, reaching EUR 2 billion, driven by higher sales, favorable market conditions, and cos...

News  Updated at: 2025/03/15

GlobalData blog: Shifting gears: VinFast’s leadership changes and strategic direction Founded in 2017 as a subsidiary of the Vietnamese conglomerate Vingroup, VinFast set ambitious goals to establish itself as a global automotive brand. The company made its international debut at the 2018 Paris Motor Show, unveiling the LUX A2.0 and SA2.0 – both rebadged versions of the BMW 5 Series and X5 – rather than launching them domestically in Vietna...

News  Updated at: 2025/02/20

GlobalData blog: BYD Auto’s fast growth in the ASEAN-5 region, reasons and challenges The Chinese brands accounted for 3.4% of ASEAN Light Vehicle (LV) sales in 2021-22. This share accelerated to 4.9% in 2023 and 5.9% in the first half of 2024. SAIC Group was the largest among the Chinese groups in the region. Despite SAIC expanding its model line-up and presence in all ASEAN-5 markets, the group’s market share dropped from 2.5% in 2021 to 2....

News  Updated at: 2024/08/23

Fast Auto announced its participation in the 45th Bangkok International Motor Show (BIMS 2024) and its official launch in Thailand.  At BIMS 2024, VinFast will showcase its EV lineup, including the mini-SUV VF 3; VF 5, VF e34, VF 6, VF 7, VF 8, and VF 9, covering the A-SUV to E-SUV segments. These Vietnam-made BEV models on display will be right-hand drive versions, specifically tailored for the Thai market. Moreover, its electric pickup concept...

News  Updated at: 2024/03/18

LMC Automotive blog: VinFast’s BEV plan – is a rethink needed? In 2022, VinFast announced its plan to be an all-electric carmaker and to penetrate the US and European markets by importing Complete Built-Up (CBU) vehicles from its Vietnam plant in the initial phase and adding local production in the US by 2024. In advance of this move, VinFast ceased production of internal combustion engine vehicles in Q3 2022 which negatively impacted VinFast...

News  Updated at: 2023/03/07

MG delivers 27,293 cars in Thailand in 2022 including 3,993 BEV units; aims to stay among Top 5 car brands locally Announced on February 21, 2023, SAIC Motor-CP Co., Ltd. and MG Sales Thailand Co., Ltd unveiled MG’s brand direction for 2023 that includes 2 goals, staying among the top 5 automotive brands in the Thai market and holding its position as Thailand’s leading brand of EVs. At least two new MG models are confirmed to be launched by H...

News  Updated at: 2023/02/22

VinFast Vietnam records sales of 2,137 cars in July 2022 Announced on August 10, 2022, VinFast Vietnam, in July 2022, achieved sales of 2,137 cars (down 43.5% YoY and 14.2% MoM), including 766 units of Fadil, 1,085 Lux A2.0 cars, 224 units of Lux SA2.0, and 62 VF e34 electric cars. VinFast noted a high sales month for Lux A2.0, with sales surpassing 1,000 units. However, difficulties in the supply chain of components continue to hit the product...

News  Updated at: 2022/08/11