Indonesia: BYD, GAC Aion and VinFast set up EV plants Government provides tax incentives for EVs and HVs, EV battery production grows Summary Electrification policy: In 2025, value added tax, import duties, and luxury goods sales tax reduction for EVs; luxury goods sales tax reduction for HVs Electrified vehicle sales in Indonesia: 2024 BEV sales increase 2.5 times to 43,000 units VinFast, BYD and GAC Aion to build EV plants Increasing production...

Market & Tech Reports  Updated at: 2025/06/13

Chery: Jump in NEV Sales; Promoting Intelligent Technology 2nd place in passenger car sales; top in exports for 22 consecutive years Summary Revenues and sales: Revenues exceed CNY 480 billion, jumping to second in passenger car sales in China Core Technology: Shift from electrification to intelligent vehicles; accelerating AI Overseas Trends: No. 1 in passenger car exports for 22 consecutive years, building a plant in Spain Chery Group's sales v...

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

Chinese OEM Overseas Expansion Activities: Chery, Changan Chery maintains top position in export volume; Changan building first overseas plant in Thailand Summary Chery: Exports to average 90K+ units per month in 2024, with KD plants built in various regions Changan: Announces overseas strategy, to start operations in Thailand in Q1 2025 Export of various Chery brand vehicles (Source: Chery)   According to a report by the China Associat...

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

GAIKINDO Indonesia International Auto Show 2024 Emerging forces such as Chinese manufacturers, Hyundai, and VinFast are on the rise Summary BYD: Debut of the “M6”, an MPV-type EV Wuling: Locally produced flagship models A, B, C (Air ev, Binguo EV, Cloud EV) GAC Aion: Debut of the Hyptec HT and Aion ES Chery Automobile: iCAR 03, an off-road SUV EV Great Wall Motor (GWM): Launches new models Haval Jolion and Tank 300 Dongfeng (DFSK)/SERES: Sell...

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

Auto China 2024: SAIC and Chery MG electrified supercar, Chery Fulwin SUV, first MPV under the Exeed brand, etc. Summary SAIC: Unveils hydrogen fuel extender model and debuts an electrifed supercar concept car Chery: Debut of the Fulwin E06 Concept and iCAR 03T, the first MPV concept under the Exeed brand Chery booth   The 18th Beijing International Automotive Exhibition (Auto China 2024) was held at the China International Exhibition C...

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

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

Chinese Market 2023: Sales Exceed 30m; BYD Dominates NEV Market Chinese OEM market share nears 60%, exports at 5.22m record high Summary Forecast sales volume exceeded 30 million units for the first time in 2023, expected to exceed 31 million units in 2024 2023 sales volume by group: BYD jumps to 3rd place, Dongfeng moves out of 5th place Passenger car market in 2023: Chinese automakers capture a share of nearly 60%, with BYD at the top with over...

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

ASEAN Vehicle Sales and Production Update (Q3 2023) ASEAN Countries Automotive News Top Rank Topics Summary Vehicle Sales Volume by Country Vehicle Production Volume by Country Commentary on Sales and Production Volume, January- September 2023 Thailand BEV sales by OEM ASEAN News Topics (Q3 2023)   * An updated version of this ASEAN report will be released every quarter.   Related reports:Global Motorcycle Production and Sales: Overview of Ind...

Market & Tech Reports  Updated at: 2023/11/15

ASEAN (1): Accelerating shift to EVs, and market entry of Chinese OEMs Thailand introduces subsidies for EVs; SK On and LGES to build 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 t...

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

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

Chinese OEM Overseas Expansion Activities: SAIC, Chery, Dongfeng, Changan SAIC accelerates electrification overseas as well; Chery to export 50K units by 2025 Summary SAIC Group: Top Chinese OEM exporter for seven years running, Accelerating electrification outside China Chery: Announces a new brand for markets outside China, plans to export 50K vehicles by 2025 Dongfeng Motor: Export volume of passenger cars increased by 38.0% y/y, with Voyah br...

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

Auto Shanghai 2023: SAIC, Chery SAIC Announces NEV Business Development Plan; Chery's World Premiere of EV Concept ARRIZO Star Summary SAIC Group: Annual sales of 3.5 million NEVs by 2025 Chery: Unveiled flagship sedan concept Arrizo Star, iCAR series Rising Auto exhibit   The 20th Shanghai International Automobile Industry Exhibition (Auto Shanghai 2023 motor show) was held at the National Exhibition and Convention Center in Shanghai f...

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

Indonesia: Utilizing Nickel to Build EV Supply Chain Wuling and Hyundai launch EVs; CATL, LG Energy Solution to produce batteries Summary Electrification policy: Production to reach 1 million BEVs in Indonesia by 2035 Battery manufacturers and Indonesian state firms collaborate to produce EV batteries Increasing number of EV charging stations to 30,000 by 2030 Hyundai Motor starts operations at new plant; Toyota, Mitsubishi and Daihatsu investing...

Market & Tech Reports  Updated at: 2023/01/27