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Korean market and domestic brand trends: Semiconductor shortages reducing production and sales

Korean market and domestic brand trends: Semiconductor shortages reducing production and sales Hyundai Group accelerates electrification, Korean government presents battery strategy Summary Korean government policies: Tax break extension, joining RCEP, and battery strategy Domestic market share: Hyundai Group declines to 61%, imports’ share grows to 16% Production volume: Declining to 3.462 million units in 2021, down by 1.3% y/y Korean automak...

Market & Tech Reports Updated at: 2022/03/01

Thailand: Acceleration as EV hub, increasing battery production

emission standards from January 1, 2022. As a result, Thai automakers that cannot comply with the new standard may lose sales. There are concerns that vehicle exports may be affected, but the scale of the impact is unable to be predicted at this time. Thai government to submit ratification of RCEP trade pact in October As reported on May 17, 2021, the Thai government is accelerating the enactment of related laws and regulations for ratif...

Market & Tech Reports Updated at: 2021/11/11