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

eometry turbocharger for superior torque delivery. It has technologies such as dual cam phasing, variable oil pump, integrated exhaust manifold in cylinder head, etc. Its advanced exhaust aftertreatment system ensures lower emissions. The engine is capable of handling ethanol fuel blends.       VinFast, a Vietnamese multinational automotive company established by Vingroup, made its debut in India by launching its VF 6 and VF 7 electric vehicl...

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

rgy Automobile Co., Ltd.) Wuling's Cloud EV electric MPV (launched in Indonesia in April 2024) (Photo: Wuling)   Related Reports: ASEAN Vehicle Sales and Production Update (Q2 2024) (Aug. 2024) GAIKINDO Indonesia International Auto Show 2024 (Aug. 2024) Bangkok International Motor Show 2024 (3) VinFast, European OEMs (Apr. 2024)Bangkok International Motor Show 2024 (2) Japanese OEMs (Apr. 2024) Bangkok International Motor Show 2024 (1) Chines...

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

utomakers (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, Volvo, VW, Wuling, etc. Other participants included trucks, buses, electric bikes, accessory parts, auto financing, and services.   Reflecti...

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

Bangkok International Motor Show 2024 (3) VinFast, European OEMs BEVs from VinFast, Kia, European brands, and Thai brand electric commercial vehicles Summary VinFast: Full lineup of electric car models Nex Point: Thai brand electric commercial vehicles Hyundai RN22e Rolling Lab high-performance car Kia EV5 mid-sized electric SUV Ford Ranger Wildtrak V6 pickup truck Volvo EX30 BEV compact SUV BMW iX2 xDrive30 M Sport and i5 eDrive40 M Sport (Inspi...

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

ents. BYD, which has officially entered the Indonesian market, introduced its three models including the Dolphin, ATTO 3, and Seal, while Chery Automobile launched the OMODA E5 that will enjoy the VAT incentives.   There are several auto manufacturers which are entering the EV market in Indonesia. VinFast, a Vietnamese carmaker, exhibited its EV models at the Indonesia International Motor Show in February 2024, marking its official entry in the ...

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

that in addition to its directly managed sales base in California, it had signed sales agreements with five dealers outside the state. These dealers will be VinFast's first independent dealers. The company will begin selling the VF 8, and will expand the range of vehicles it handles thereafter.   VinFast, in its 2023 performance report (February 2024), stated that for its U.S. sales network, the company already has 13 sales offices and service ...

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

tnam   In July 2022, the Vietnamese government reportedly decided to ban the import and production of ICE vehicles starting in 2040. To popularize EVs, Vietnam will lower the special consumption on EVs for five years starting March 1, 2022, and wave the initial registration fee for three years.   VinFast, an emerging automaker in Vietnam, started exporting to the U.S. in November 2022. The company has also made a full-scale entry into the EV ma...

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

ecuring financing to begin production of luxury full-size crossovers in March 2023 Arrival: Starts production of electric vans in the U.K. and focuses on securing funding to expand into the U.S. VinFast: Shipment of Vietnamese-made EVs to the U.S. begins, with U.S. production planned for 2024 VinFast, which unveiled its lineup for the U.S. at CES 2023, aims for U.S. production in 2024. (Source: VinFast)   While Tesla has made great forw...

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

tra-compact commuter EVs. Part 2 reports on the HMI for French vehicles (including those of S.C. Automobile Dacia S.A. (Dacia) of the Renault Group).   Table 1: List of brands and manufacturers covered in this report Brands/manufacturers covered Part 1 BYD, WEU/ORA (Great Wall Motor), Seres, VinFast, MG (SAIC), Sportequipe, Mobilize, Hopium, NamX, Axiam-Mega, Silence, City Transformer, XEV Part 2 Renault, Dacia, Peugeot, DS Automobiles, ...

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

Transition Concept (photo; taken by MarkLines)   Several EVs that have been announced to be commercially 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 rena...

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