Thailand: Tax Incentives for PHVs, HVs, and MHVs in addition to EVs Chinese OEMs expand EV production; Changan, Chery to start up new plants Summary Thai government policies: Tax incentives for HVs, MHVs, and PHVs EV sales in Thailand slow in 2024, HV sales grow 1.5-fold Chinese OEMs: Launching HV and PHV models in addition to BEVs Chinese OEMs: BYD and GAC Aion start operation of EV plants in Thailand Thai production in 2025 is expected to incre...

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

Bangkok International Motor Show 2025 (2) Japanese & European OEMs Mitsubishi, Mazda, Honda, Nissan, Suzuki, Isuzu, and others Summary Mitsubishi: Xforce HEV Mazda: Iconic SP compact electric sports car Honda: e:N1 and City Hatchback DRIVAL Nissan: Serena e-POWER Suzuki: Swift and Carry Isuzu: Dragon Max pickup truck Toyota: Hilux Champ, Lexus RX 450h+ PHEV Ford: Everest Sport Special Edition Hyundai: N Line Series Volvo: XC90 PHEV and EX90 BEV ...

Market & Tech Reports  Updated at: 2025/05/08

Mexico (1) Sales grow fourth consecutive year in 2024, but growth slows Over 60% of vehicles imported from China, Brazil, India, etc. Summary 2024 sales performance: Sales growth slows to 9.8% y/y, with 66% of sales being imported vehicles Import performance in 2024: Chinese-made vehicles reach 30% of total imports Sales volume by segment: Shift from subcompact to slightly higher-end models; BEV/PHEV share at 1.5%. Trends in electric vehicle sale...

Market & Tech Reports  Updated at: 2025/04/30

Bangkok International Motor Show 2025 (1) Chinese OEMs BYD, Geely, Chery, Changan, MG, GAC, and others Summary BYD: Shark 6 DMO PHEV pickup truck, Denza D9 flagship electric MPV Geely: Star Wish compact EV, Zeekr SUV and MPV, RIDDARA electric pickup truck Chery: Market entry of Chery brand, Omoda & Jaecoo model lineup Changan: Deepal S05 BEV and REEV variants MG (SAIC): New S5 EV and IM6 premium intelligent e-SUV GAC: Aion UT EV and M8 PHEV GWM: ...

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

Indonesia International Motor Show 2025 (IIMS 2025) Chinese OEMs, Japanese OEMS, Hyundai, VinFast exhibits; charging network Summary Wuling: Top in local EV sales with launch of Air EV and Cloud EV BYD: Promoting the Sealion 7, local plant to start production in January 2026 GAC Aion: Aion V debut Chery: Unveiling Tiggo, Jaecoo, Omoda, and Jetour electric vehicles Geely: Re-entering the Indonesian market with CKD production of the EX5 Honri: Maki...

Market & Tech Reports  Updated at: 2025/03/31

competitiveness. Annual sales also increased significantly over the previous year to CNY 480 billion.     In 2022, Chery announced the "Yaoguang 2025" strategy. Under this strategy, the company will invest CNY 100 billion within five years to promote the shift to New Energy Vehicles (NEVs: BEVs, PHEVs, FCEVs), and will promote research and development of five core technologies. The company accelerated its shift to an NEV strategy in 2023, and ...

Market & Tech Reports  Updated at: 2025/03/07

and Xpander Cross HEV Isuzu D-MAX 2.2 MaxForce pickup truck Mazda BT-50 pickup truck and CX-5 SUV Nissan Serena MPV and Kicks e-POWER Suzuki Swift sport hatchback, and Jimny Off-road Edition Hyundai Palisade SUV Ford Ranger MS-RT Volvo Cars EX90 electric SUV Mercedes-Benz G-Class SUV BMW X3 and M5 PHEV MINI Countryman S ALL4 Audi Q7 TFSI e quattro S Luxury car lineup (Porsche, Maserati, and Lotus) Motorcycle booths   The 41st Thailand Internati...

Market & Tech Reports  Updated at: 2025/01/16

Thailand International Motor Expo 2024 (1) Chinese OEMs Chery, Changan, Geely, SAIC, GAC, BYD, and others Summary Chery: Omoda and Jaecoo brand electrified vehicle lineup Changan: Deepal and Avatr e-SUVs and REEV pickup truck Geely EX5 and Zeekr 7X e-SUVs and RIDDARA electric pickup truck SAIC: IM Motors intelligent e-SUV, and Wuling brand compact EVs GAC: Aion V e-SUV and HYPTEC SSR BEV sports car BYD: Denza D9 luxury e-MPV, Sealion 7 e-SUV, SHA...

Market & Tech Reports  Updated at: 2024/12/27

the Omoda 5 has been postponed to 2025 due to increased tariffs imposed on Chinese-made EVs by the European Union. In September 2024, it was reported by multiple sources that Ebro-EV Motors would start assembling the joint venture SUV models S700 and S800 at the Barcelona plant from November 2024. PHVs and internal combustion engine (ICE) powered vehicles will be available. These models will adopt Chery's platform and technology. UK Market en...

Market & Tech Reports  Updated at: 2024/11/25

of vehicles. In Vietnam, sales declined due to cautious consumer spending although the country is on the way to economic recovery.   The share of electrified vehicles in total vehicle sales is expanding. In Thailand, electrified vehicles (including electric vehicles (EVs), plug-in hybrid vehicles (PHVs), and hybrid vehicles (HVs)) accounted for 31.49% for the period of January-June 2024, up from 20.71% in 2023. The share of EVs increased from 9....

Market & Tech Reports  Updated at: 2024/10/02

g to promote the spread of EVs by offering exemptions and reductions on import tariffs, excise taxes, sales taxes, road taxes, etc.   The Philippines issued a presidential decree in January 2023 exempting EVs and components from import duties. In May 2024, the decree was revised to include HVs and PHVs in the scope of import duty exemptions.   Vietnam will continue to lower the special consumption tax on EVs and exempt them from registration fe...

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

ch was most recently held from February 15th to 25th, 2024 and led by the exhibition organizer, PT. Dyandra Promosindo.   Finished vehicle automakers (OEMs) and brands participating in the event were Audi, BAIC, BMW, BYD, Chery, Citroen, Daihatsu, GAC Aion, Great Wall Motors (GWM), Honda, Hyundai, Jaecoo (Chery), Jetour, Kia, Lexus, Mazda, Mercedes-Benz, MG, Mini, Mitsubishi Motors, Neta, Nissan, Porsche, Seres, Subaru, Suzuki, Toyota, Vinfast, ...

Market & Tech Reports  Updated at: 2024/08/30

registrations in H1/2024 totaled 165 BEV units.   GlobalData blog GlobalData blog: ASEAN market report and outlookhttps://www.marklines.com/en/news/309894 GlobalData blog: What if light-duty pickups went electric?https://www.marklines.com/en/news/308416   ASEAN Market Report Electric Vehicle (BEV/PHV/FCV) Sales Monthly Report (June 2024) Electric vehicle sales in June increase19.6% y/y to 1,312,000 units https://www.marklines.com/en/report/stat...

Market & Tech Reports  Updated at: 2024/08/20

and the Chery Group, and introduces new trends of each group. The SAIC Group unveiled the Roewe iMAX8 FCH, a hydrogen-fueled range-extender hybrid MPV, and debuted the MG EXE181 electrified supercar concept model. Additionally, IM exhibited its newly announced BEV sedan "L6," while Maxus exhibited PHEV models of the MPVs "Mifa 9" and "Mifa 7." The Wuling brand launched the "Wuling Xingguang” jointly created versions (BEV/PHEV) of the sedan. Th...

Market & Tech Reports  Updated at: 2024/06/11

x Revo-e BEV, Mitsubishi Xpander HEV, etc. https://www.marklines.com/en/report/rep2648_202404 Bangkok International Motor Show 2024 (1) Chinese OEMsBEVs from Neta, Changan, MG, BYD, Aion, XPeng, Zeekr, and GWM HEV pickup truck https://www.marklines.com/en/report/rep2647_202404 Electric Vehicle (BEV/PHV/FCV) Sales Monthly Report (March 2024) Electric vehicle sales in March increase 19.1% y/y to 1,125,000 units https://www.marklines.com/en/report/s...

Market & Tech Reports  Updated at: 2024/05/14

Chery: New intelligent EV brand iCAR; transforming into a global technology company Promoting the Stellar 2025 strategy, launching the C-DM third-generation PHEV system in 2023 Summary Shift to NEV strategy: Full NEV conversion of each brand; Building C-DM, a 3rd-generation hybrid technology Stellar 2025 strategy: 4 areas, 2 platforms, 8 core technologies iCAR Brand: New energy architecture, ecosystem, scenario intelligence Production system: Qin...

Market & Tech Reports  Updated at: 2023/06/21

year-over-year (y/y) to 3,111,000 units. Of this total, passenger car exports grew 56.7% y/y to 2,529,000 units, while commercial vehicle exports were 582,000 units, an increase of 44.9% over the previous year. Exports of NEVs (New Energy Vehicles: battery electric vehicles (BEV), plug-in hybrids (PHV), and fuel cell vehicles (FCV)) increased 2.2 times over 2021, to 679,000 units.   Sales by SAIC Motor Corporation Limited (SAIC Group) outside C...

Market & Tech Reports  Updated at: 2023/06/19

re NEVs. The total exhibition area exceeded 20,000 square meters.   The Chery Group announced a number of NEVs under four brands: Chery, Jetour, Exeed, and iCAR. The Exeed luxury brand unveiled its Sterra product series. Chery plans to export 500,000 units by 2025, and also exhibited its Omoda and Jaecoo brands to accelerate its globalization.   Related Reports: Auto Shanghai 2023: Electric Vehicles from non-Chinese OEMs (2) (May. 2023)Auto Sh...

Market & Tech Reports  Updated at: 2023/06/05