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

ASEAN Vehicle Sales and Production Update (Q4 2024) 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 - December 2024 Thailand BEV sales by OEM ASEAN News Topics (Q4 2024)   * An updated version of this ASEAN report will be released every quarter.   Related reports:Thailand International Motor Expo 2024 (2) Japanese OEM...

Market & Tech Reports  Updated at: 2025/02/25

Bharat Mobility Global Expo 2025: BEVs in India Maruti Suzuki, Hyundai, Tata, and other OEMs focus on new technologies Summary Prime Minister Inaugurates Bharat Mobility Event: Highlights on India's Auto Sector Growth New Vehicle launches in Auto Expo Motor Show 2025 Maruti Suzuki India Limited (MSIL): e VITARA, and electric ecosystem "e For Me" Hyundai Motor India Limited (HMIL): CRETA Electric, and last-mile mobility in partnership with TVS Tat...

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

Thailand International Motor Expo 2024 (2) Japanese OEMs and Others Toyota, Honda, Mitsubishi, Isuzu, Hyundai, Ford, Volvo Cars, etc. Summary Toyota HEV lineup Lexus LBX Bespoke Honda HR-V e:HEV RS and e:N1 electric SUV Mitsubishi Xpander HEV 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...

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

ASEAN (1) EV Promotion Policies; Increasing Entry of Chinese OEMs Thailand: BYD and Wuling begin EV production, Indonesia: Hyundai and LGES build JV battery plant Summary Electrification policies and EV launch plans of ASEAN countries (Overview) Introducing EVs to the ASEAN market and building manufacturing sites Thailand's electrification policy: New EV preferential policies to be implemented from 2024 to 2027 Indonesia's electrification policie...

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

ASEAN Vehicle Sales and Production Update (Q1 2024) 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- March 2024 Thailand BEV sales by OEM ASEAN News Topics (Q1 2024)   * An updated version of this ASEAN report will be released every quarter.   Related reports: Bangkok International Motor Show 2024 (3) VinFast, Europea...

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

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

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

Bharat Mobility Global Expo 2024 (1) EVs and Passenger Vehicles in India EV introduction and alternative fuel technologies, Initiatives to expand local production Summary Introduction of Bharat Mobility Global Expo 2024 Maruti Suzuki: eVX electric SUV, WagonR Flex Fuel prototype Hyundai: Localization efforts in India Tata Motors: Nexon iCNG Concept, acti.ev electric architecture based Punch.ev Mahinda & Mahindra: Flex Fuel Vehicle prototype, BE.R...

Market & Tech Reports  Updated at: 2024/03/08

Thailand: Chinese OEMs to build EV production facilities Government to reduce EV subsidies in new incentives for 2024-2027 Summary Thai government: EV subsidies reduced from 2024, EV importers required to produce EVs locally Chinese OEMs: JAC and Changan Automobile enter Thai market, EV local production to commence Incentives for EV battery production EV sales in Thailand for 2023 account for 9.3% of overall vehicle sales 2024 production in Thail...

Market & Tech Reports  Updated at: 2024/03/05

Thailand International Motor Expo 2023 (2) Pickup trucks lineup and electrified vehicles from Japanese OEMs Summary NEX Point: MINE BEV Pickup truck Toyota: All-new Hilux Champ pickup Mitsubishi: All-new Triton pickup Isuzu: MU-X PPV and D-Max V-Cross pickup Ford: Ranger Raptor pickup Jeep and Maserati models Tata: Super Ace truck Lexus: RX 500h F SPORT Performance HEV Honda: Accord e:HEV and lineup of e:HEV models Nissan: Kicks e-POWER Suzuki: S...

Market & Tech Reports  Updated at: 2023/12/27

Bangkok International Motor Show 2023 (2): Colorful Experience Flagship models from Japanese manufacturers, SUVs and pickup trucks lineup Summary Toyota: Hilux Revo BEV Concept, LPG HEV Taxi Concept, Prius HEV Concept, Corolla Cross Hydrogen Concept, bZ4X Lexus RZ 450e Mazda: MX-30, Mazda2, Mazda3 Carbon Edition, CX-Series, BT-50 pickup truck Honda: 6th-gen CR-V, all-new WR-V 5-seater SUV, Civic Type R Nissan: Kicks e-POWER, Terra Sport, Leaf V2H...

Market & Tech Reports  Updated at: 2023/04/11

Thailand International Motor Expo 2022 (2): It's time…Come touch the future Exhibitions of Hyundai & Kia, Japanese OEMs, and Ford Summary Hyundai: Stargazer MPV, and IONIQ 5 and IONIQ 6 BEVs Kia: EV6 BEV, and new Carnival premium MPV Toyota: bZ4X BEV, and GR Corolla high-performance sport hatchback Lexus: RX450h+ PHEV Suzuki: Ertiga Smart Hybrid Honda: SUV e:Prototype BEV concept, and e:HEV lineup Subaru: Forester SUV with EyeSight 4.0 Mazda: 4...

Market & Tech Reports  Updated at: 2022/12/21

Thailand: EV subsidies and tax incentives, Chinese OEMs launching budget EVs 2022 production expected to be 1.75 million due to semiconductor shortage and Ukraine war Summary Chinese OEMs launching reasonable EVs, Toyota releases its first EV-dedicated model bZ4X Thailand’s electrification policy: Booking for EVs and electric motorcycles surges with government’s EV subsidy programs Thai government’s incentives for EV battery production Ener...

Market & Tech Reports  Updated at: 2022/12/12

Bangkok International Motor Show 2022 (2): Keep Moving Forward Together Flagship models from Japanese manufacturers, SUVs and pickup trucks lineup Summary Toyota: bZ4X Concept EV, e-Palette for Autono-MaaS, and Veloz 7-seater MPV crossover Lexus: all-new NX 450h+ PHEV, and UX 300e crossover EV Honda: e:HEV model lineup Nissan: new Almera, KICKS e-POWER, Terra premium SUV and Navara pickup truck Mitsubishi Motors: new Xpander, Triton Ralliart, and...

Market & Tech Reports  Updated at: 2022/04/11

Thailand International Motor Expo 2021 (2): TIME to ENJOY Flagship models from Japanese manufacturers, SUVs and pickup trucks lineup Summary Lexus: All-new NX 450h+ PHEV Toyota: Corolla Cross HEV GR Sport Honda: e:HEV lineup with HR-V, Accord, and City Nissan: GT-R T-spec limited edition, and Kicks e-POWER 'Sky Edition' Suzuki: Swift GL PLUS sports-hatchback eco car Mazda: CX-3 SUV in Platinum Quartz color Mitsubishi Motors: Triton Ralliart, an...

Market & Tech Reports  Updated at: 2021/12/14

Thailand: Acceleration as EV hub, increasing battery production Increase in EVs on market, production to recover with drop in COVID and easing of chip shortage Summary Thailand’s electrification policy: Making the country an EV production hub by 2035 Targets for EV charging stations and battery production Production in January-September 2021 increases 25.9% to 1.21 million units, pickup truck output grows 27.5% Exports in January-September 2021...

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

Indonesia: Battery production for 400k EVs in 2025; state and private enterprise collaboration Luxury tax cut to boost domestic demand, exemptions extended to the end of 2021 Summary Electrification policies: Starting production of EV battery cells in 2023 Indonesian government: Extending luxury tax break period Market trends: Sales volume for Jan.-Jul. 2021 rose 61% due to luxury sales tax breaks Export trends: Jan.-Jul. 2021 exports increase 38...

Market & Tech Reports  Updated at: 2021/10/20