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

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

an estimated production capacity of 50,000 vehicles annually, with a potential ramp-up to 300,000 vehicles depending on the demand. Both the VF 6 and VF 7 models are planned to be produced at this facility. The company, for the first time, will be offering right-hand drive variants of both VF6 and VF7 in India.   Apart from the VF 6 and VF 7, the company also showcased its VF 3, VF e34, VF 8, and VF 9 SUVs and the VF Wild pickup truck concept. ...

Market & Tech Reports  Updated at: 2025/02/13

th a total investment of over IDR 1 trillion over the next five years. VinFast On February 15, 2024, Vietnamese emerging automaker VinFast LLC exhibited at the Indonesia International Motor Show and announced its official entry into the Indonesian market. On display were the SUVs VF5, VFe34, VF6, VF7, VF8 and VF9, which ranged from the A to E segments. These models will be the first to be launched in Indonesia. VinFast held a groundbreaking c...

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

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

s brought to the show include the mini-SUV VF 3, the VF 5, VF e34, VF 6, VF 7, VF 8, and VF 9 (all in RHD versions), spanning from A-SUV to E-SUV segments, along with the VF Wild, an electric pickup truck concept. VinFast VF3 VinFast VF5 VinFast VF e34 VinFast VF6 VinFast VF7 VinFast VF8 VinFast VF9 VinFast VF Wild   VinFast electric scooters   VinFast also signed a Letters of Intent (LOI) with ...

Market & Tech Reports  Updated at: 2024/04/30

Bangkok International Motor Show 2024 (2) Japanese OEMs Isuzu D-Max EV, Toyota Hilux Revo-e BEV, Mitsubishi Xpander HEV, etc. Summary Isuzu D-Max EV Concept one-ton electric pickup truck Toyota Hilux Revo-e BEV pickup truck Lexus LBX Hybrid crossover Nissan Hyper Tourer all-electric autonomous driving concept minivan Mitsubishi Xpander HEV - Thai-made hybrid MPV Suzuki eWX Concept and XL7 Hybrid Multi-Dynamic Crossover Mazda MX-30 e-SKYACTIV R-...

Market & Tech Reports  Updated at: 2024/04/26

Bangkok International Motor Show 2024 (1) Chinese OEMs BEVs from Neta, Changan, MG, BYD, Aion, XPeng, Zeekr, and GWM HEV pickup truck Summary NETA: Thai-made electric city car NETA V-II Changan: Lumin electric city car and Deepal series MG (SAIC Motor) : Cyberster electric roadster and Thai-made MG4 electric hatchback BYD: Full lineup for Thai market GAC Aion: Hyper HT electric SUV XPeng: G6 and G9 electric SUVs Zeekr (Geely): SEA electric platfo...

Market & Tech Reports  Updated at: 2024/04/19

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

Emerging U.S. EV Makers on the Move Several begin EV sales in 2023, following Rivian, Lucid Motors, and others Summary Rivian’s mass production stands out; many companies continue in the red, operations at risk to end Rivian Automotive: Production of 57,000 units in 2023, up 135% year-over-year; sales surge but business losses continue Lucid Motors: Production increases, but losses also increase; investment expansion with Saudi Arabian capital ...

Market & Tech Reports  Updated at: 2024/04/02

e Plant 2020 LiB 40.5kWh Tata Tiago EV BEV India Sanand Plant 2021 LiB 24kWh VinFast VF e34 BEV Vietnam Hi Phong Plant 2021 VinES LiB 42kWh VinFast VF5 BEV Vietnam Hi Phong Plant 2023 LiB 37.23kWh VinFast VF6 BEV Vietnam Hi Phong Plant 2023 LiB 59.6kWh VinFast VF7 BEV Vietnam Hi Phong Plant 2023 LiB 75.3kWh VinFast VF8 BEV Vietnam Hi Phong Plant 2022 Samsung LiB 87.7kWh VinFast VF9 BEV Vietnam...

Market & Tech Reports  Updated at: 2023/11/01

Electric Vehicle (BEV/PHV/FCV) Sales Monthly Report (July 2023) Electric vehicle sales in July increase 29.5% y/y to 983,000 units Share of electric vehicles (BEV/PHV/FCV) Electric vehicle (BEV/PHV/FCV) share and trends in each country Electric vehicles (BEV/PHV/FCV) sales trends of major manufacturers and sales composition by powertrain Passenger car sales trends in 11 major countries (including ICE and all other powertrains)   This report pres...

Market & Tech Reports  Updated at: 2023/08/25

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

Emerging U.S. EV Makers on the Move Lucid, Nikola, Lordstown, and others began full-scale production after Rivian Summary Each company draws up its own product and market strategy, but many report delays in their launch plans Rivian Automotive: Achieved production and sales of over 20,000 units of three commercial vehicle models (in 2022), but business losses increased Lucid Motors: Over 7,000 units produced in 2022; plant to be built in Saudi Ar...

Market & Tech Reports  Updated at: 2023/02/08

ted by its camouflaged paintwork design enabling 22 different sections to be individually lit. Volvo's EX90 made its North American debut at CES 2023, after being unveiled in Stockholm in November 2022. Mercedes-Benz displayed its EQE SUV while VinFast revealed additional details about the VF 6 and VF7 which debuted at CES 2022.   This report is part of a series of reports which focuses on the automotive content shown at CES 2023. This report fo...

Market & Tech Reports  Updated at: 2023/02/07

s, in which DFM (Dongfeng Motor) has a stake, exhibited the Seres 3 and Seres 5. It retains more hard switches than other Chinese cars and has a solid design, although it does not have a strong sense of an advanced feel. VinFast VinFast is a Vietnamese automaker that exhibited four vehicles: VF6, VF7, VF8, and VF9. The large screen and meter-less design made them seem quite Tesla-like. However, there are many points that are superior to Tesla i...

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

ommercially available in the near future have also been announced. In particular, GM declared that it would introduce 30 EV models by 2025 and announced three EVs to be launched from 2023. In addition, VinFast, Vietnam's first global emerging automaker, also unveiled five EVs at once: the VF5, VF6, VF7, VF8, and VF9 (although the VF8 and VF9 are renamed from the previously unveiled VFe35 and VFe36).   Chevrolet EV (GM) Chevrolet Silverado ...

Market & Tech Reports  Updated at: 2022/02/24

CES 2022: Electric vehicles from emerging automakers VinFast, Sony, Fisker and Togg exhibits highlight rapid development of new EV market entrants Summary VinFast reveals complete EV crossover lineup Sony to enter electric vehicle market, showcases Vision-S 02 concept Fisker highlights market-first Digital Radar system on Ocean SUV Togg debuts at CES with new fastback concept VinFast CES 2022 exhibit   Due to the COVID-19 pandemic, CES...

Market & Tech Reports  Updated at: 2022/01/26