rs, but it was deemed necessary to respond to the trend of expanding not only EVs but also HVs. Therefore, in July 2024, preferential treatment was approved to temporarily lower the excise tax rates for HVs, in November for PHVs, and in December for Mild Hybrid Vehicles (MHVs) depending on the application conditions. To build an electric mobility ecosystem, the Thai government has implemented incentive measures: EV3.0 (for 2022-2023) and EV3.5 (...

Market & Tech Reports  Updated at: 2025/05/12

ng the cutting-edge FLYME Auto intelligent operating system.   Known as the Geely Geome Xingyuan in China, this EV also rides on the Global Intelligent New Energy Architecture (GEA), just like the Geely EX5. It boasts a range of up to 400 km (CLTC standard) on a single full charge.   While specifications for the Thai market and the official launch date in Thailand have yet to be unveiled, the Star Wish is expected to become the second Geely mod...

Market & Tech Reports  Updated at: 2025/04/25

In February 2023, TMT Automobile Joint Stock Company (TMT Motors) signed a strategic cooperation agreement with SAIC-GM-Wuling (SGMW). The two companies announced that the agreement regards the production, assembly, and exclusive sales of EVs. TMT Motors and its automobile assembly plant are both located in the Van Lam District of Hung Yen Province. The first phase will have an annual production capacity of 30,000 units, which is planned to be in...

Market & Tech Reports  Updated at: 2024/12/20

ASEAN (1) EV Promotion Policies; Increasing Entry of Chinese OEMs Thailand: BYD and Wuling begin EV production, Indonesia: Hyundai and LGES build JV battery plant Summary Electrification policies and EV launch plans of ASEAN countries (Overview) Introducing EVs to the ASEAN market and building manufacturing sites Thailand's electrification policy: New EV preferential policies to be implemented from 2024 to 2027 Indonesia's electrification policie...

Market & Tech Reports  Updated at: 2024/09/04

eproduce immersive, live sound.   In terms of safety, the car is equipped with Volvo Car's "Safe Space Technology" intelligent safety system. It has a cage-type body and is made of 71% high-tensile strength steel. The roof can withstand a load of 10 tons. In addition, airbags are placed in seven locations to ensure occupant safety in all directions. EX30 exterior and interior, booth     In addition to this, Volvo's first BEV MPV,...

Market & Tech Reports  Updated at: 2024/06/25

ing methods, battery heat is managed using a coolant. Cooling to temperatures lower than the ambient temperature is possible by combining cooling by heat dissipation in the radiator (heat sink) and refrigerant gas for car air conditioners through a "chiller" with laminated aluminum plates that have good heat dissipation. An electric valve is incorporated in the coolant circuit to control the water cooling circuit. For heating, a heat pump and e-A...

Market & Tech Reports  Updated at: 2024/05/16

Indonesia: BYD, MG, Great Wall, Chery and VinFast entering EV market Tax incentives to continue, utilizing nickel to build EV ecosystem Summary Electrification policy: Tax incentives for EVs to continue in 2024 EV sales in Indonesia: 2023 sales increase 40% to 17,000 units Utilizing nickel ore to make Indonesia EV battery production hub Mitsubishi, Hyundai to increase production capacity, Citroen, BYD, Neta to start local manufacturing 2023 sales...

Market & Tech Reports  Updated at: 2024/04/12

Great Wall Motor: Over 1.23M Units Sold in '23, Acceleration of Smart and EV Autonomous driving AI model; entry into commercial FCV field Summary Brands: ORA and Saloon to integrate, as well as WEY and Tank; Haval to focus on NEVs Subsidiary component suppliers: Covering electrification and intelligent technologies, producing semiconductors Overseas trends: Global strategy announced; overseas sales volume surges Commercial Vehicles: Establishing ...

Market & Tech Reports  Updated at: 2024/03/06

centives and zero tariff based on the ASEAN-China Free Trade Agreement (ACFTA). In 2023, Anhui Jianghuai Automobile Group Corp., Ltd. (JAC) and China Changan Automobile Group Co., Ltd. (Changan Automobile) have officially entered the Thai market. The China Automotive Technology and Research Centre (CATARC), which formulates standards and grants certification for automobiles, has opened a regional office in Thailand to support activities by Chines...

Market & Tech Reports  Updated at: 2024/03/05

      Some corrections have been made to past vehicle data.              The sales volume (shipment volume) for China are aggregate figures excluding exports.              Share figures are based on the number of units in thousands.  (Note 2) Reasons for high electrification rates in Nordic countries               1. The population’s environmental awareness has always been high.           ...

Market & Tech Reports  Updated at: 2023/09/26

ild battery plants in Indonesia Summary ASEAN countries: EV launch plans (overview) Thailand: Many Chinese manufacturers building EV factories Indonesia: Towards becoming a production hub for EVs and EV batteries Malaysia: Excise and sales tax exemption for locally assembled EVs until 2027 Electrification policies in the Philippines, Vietnam, and Singapore   The ASEAN market recently has been implementing various measures to realize a decarboniz...

Market & Tech Reports  Updated at: 2023/08/16

assenger Vehicle, FAW-VW, BAIC BJEV, SAIC VW, Chery Auto, Hozon New Energy, BMW Brilliance, Leapmotor, Dongfeng Passenger Vehicle, Zhengzhou Yutong, VW Anhui, Dongfeng Liuzhou Motor, SAIC-GM, Chongqing, Geely Commercial Vehicle, BAIC Foton, FAW Hongqi, Nanjing Golden Dragon Battery manufacturers: CATL, FinDreams Battery, LG Energy Solution, Panasonic, Gotion High-tech, CALB, SVOLT, Farasis, Sunwoda, Tianjin EV Energies, EVE, Lishen Battery, Gre...

Market & Tech Reports  Updated at: 2023/06/23

uzzle https://www.marklines.com/en/report_all/rep2450_202303 ASEAN Vehicle Sales and Production Update (Q4 2022) ASEAN Countries Automotive News Top Rank Topics https://www.marklines.com/en/report_all/rep2436_202302 Indonesia: Utilizing Nickel to Build EV Supply Chain Wuling and Hyundai launch EVs; CATL, LG Energy Solution to produce batteries https://www.marklines.com/en/report_all/rep2422_202301   Thailand Mitsubishi XRT Concept (Triton’s co...

Market & Tech Reports  Updated at: 2023/05/17

2021)   This report is for customer members only. 11 pages remaining.Read more at no cost for a limited time by registering for a free trial. Yangwang: Pre-orders begin for U8; U9 is released Yangwang brand released the U8 and U9, as well as the Yangwang architecture. The exhibition booth was located at 8.1H, that part of the venue featuring Luxury Models, an area lined with famous international brands such as Bentley and Rolls-Royce.   U8 ...

Market & Tech Reports  Updated at: 2023/05/12

mption has been slowly releasing, significantly improving the trend of the auto market in late March. Promotions and destocking for old models compliant to the China-6 Standard were the core factor of recent promotions.April 2023 has as few as 19 workdays and is the starting point of Q2, implying a good and favorable market environment for automakers to produce and sell. In the month, the Auto Shanghai event, suspended in the past due to the COVI...

Market & Tech Reports  Updated at: 2023/04/13

city car, Neta S sporty smart coupe, Neta Kid, Mini Commercial EV BYD: Dolphin EV, ATTO 3 EV, Tang EV, Han EV, Seal, Frigate 07, Denza D9, and Song Plus (DM-i) MG: New MG Maxus 9, MG ES electric station wagon Great Wall Motor: All-new TANK 500 HEV, Haval H6 HEV, Haval H6 PHEV, Haval Jolion HEV,ORA Good Cat and ORA Good Cat GT Hyundai: Stargazer and Staria MPVs, IONIQ 5, IONIQ 6, E-GMP Platform Peugeot: e-2008 electric SUV, 408 Plug-in Hybrid, 20...

Market & Tech Reports  Updated at: 2023/04/10

gin in the fourth quarter of 2023. Japan Establishment of sales network In July 2022, BYD announced its intention to enter the Japanese EV passenger car market. As of the end of February 2023, the company had established 33 dealerships in Japan and announced plans to establish dealerships in 70 locations in the future.. In addition, the company plans to establish a nationwide sales network and open approximately 100 sales offices by 2025. Lau...

Market & Tech Reports  Updated at: 2023/04/05

Thailand International Motor Expo 2022 (1): It's time…Come touch the future EVs from Chinese, Thai and European manufacturers Summary BYD: ATTO 3 premium electric SUV, and extensive EV lineup for Thai market Great Wall Motor: ORA Grand Cat premium electric coupe, HAVAL H6 and TANK 500 hybrid SUVs MG (SAIC): MG4 Electric, the 3rd BEV model in Thailand NETA (Hozon): Neta V electric SUV VOLT (Dongfeng Sokon): VOLT City electric hatchback MINE (Ene...

Market & Tech Reports  Updated at: 2022/12/21

Thailand: EV subsidies and tax incentives, Chinese OEMs launching budget EVs 2022 production expected to be 1.75 million due to semiconductor shortage and Ukraine war Summary Chinese OEMs launching reasonable EVs, Toyota releases its first EV-dedicated model bZ4X Thailand’s electrification policy: Booking for EVs and electric motorcycles surges with government’s EV subsidy programs Thai government’s incentives for EV battery production Ener...

Market & Tech Reports  Updated at: 2022/12/12

Paris Motor Show 2022: HMI Report (Part 1) Chinese OEM and emerging EV brands promote display-based HMI Summary HMI exhibition overview of Chinese and emerging EV brands BYD ATTO 3, Han, Tang, Dolphin, Seal WEY Coffee 02, Coffee 01 ORA (Great Wall Motor) Funky Cat, Next Cat Seres 3, Seres 5 VinFast VF 8, VF 9, VF 6 MG (SAIC Motor) Marvel R Sportequipe 8（DR Automobiles） Mobilize (Renault) Duo, Limo NamX HUV and Hopium Machina Vision Ultra-com...

Market & Tech Reports  Updated at: 2022/11/30