t the total value of deals concluded at this event will increase by 10% compared to the previous event.   According to an analysis by the Federation of Thai Industries (FTI), the decline in February sales was mainly due to a slowdown in electric vehicle demand following the end of the government's EV3.0 incentive scheme. Sales of pickup trucks and ICE-powered passenger cars also decreased due to the economic downturn and stricter lending conditi...

Market & Tech Reports  Updated at: 2026/03/27

a minimum 2% reduction in the tax rate.    According to a February 18 report in a local Thai newspaper, the Electric Vehicle Association of Thailand (EVAT) has requested that the Thai government introduce structural measures (additional measures) other than subsidies. Existing incentives such as EV3.0 and EV3.5 have supported local production through tax incentives and investment-linked subsidies, but they go beyond that to advocate complement...

Market & Tech Reports  Updated at: 2026/03/03

Chinese OEMs Dominate BEV Market in Thailand with Over 20% Share Rapid growth of NEVs, expanding product lineup from SUVs to pickup trucks Summary Chinese vehicle sales grow 5.2 times in 5 years Analysis of sales volume by OEM: Chinese OEMs enter Top 5, Japanese OEM volume shrinks NEV Ranking: Chinese OEMs lead the way in BEVs and PHEVs Product trends: From compact EVs to a full-scale product lineup Switching from exporting Chinese-made models to...

Market & Tech Reports  Updated at: 2026/02/24

ASEAN Vehicle Sales and Production Update (Q4 2025) Improving thanks to EV policy support and strong year-end demand, with Chinese OEMs on the rise Summary Vehicle Sales Volume by Country Vehicle Production Volume by Country Commentary on Sales and Production Volume, January - December 2025 Thailand BEV sales by OEM ASEAN News Topics (Q4 2025)   * An updated version of this ASEAN report will be released every quarter.  * Sales data for Thailan...

Market & Tech Reports  Updated at: 2026/02/20

BEV Sales Continue to Grow; Chinese OEMs Show Rapid Progress Electric vehicle sales up 18% in 2025, Chinese OEMs accelerating overseas expansion Summary Electrified vehicle market (12 major countries and 3 Nordic countries) Electric vehicle sales in major countries: Impact of incentives Electrified vehicle OEM rankings (2025 sales volumes) BEV sales trends of Chinese OEMs: Price competition and export expansion Breakthrough by Chinese OEMs: Accel...

Market & Tech Reports  Updated at: 2026/02/09

ona Electric BEV Korea, India, etc. Ulsan, Chennai 2023 LG / SK LiB 51 / 68.5kWh NMC 295/399 Hyundai Kia Carens Cravis EV BEV India Anatapur 2025 LiB 42 / 51.4kWh NMC Hyundai Kia EV4 BEV Korea, Slovakia Gwangmyeong, Zilina 2025 LiB 58.3 / 81.4kWh NMC 369/343 158.2/237.3 Hyundai Kia EV3 BEV Korea Gwangmyeong 2024 LG LiB 58.3 / 81.4kWh NMC 369/343 Hyundai Kia EV9 BEV Korea / USA Gwangmyeong, West Point 2023 SK LiB 76.1 / 99.8k...

Market & Tech Reports  Updated at: 2025/12/01

45 Thailand-made BYD Dolphin EVs (LHD) head to Europe (August 26, 2025)https://www.marklines.com/en/news/331617 Thailand secures Trump’s 19% tariff relief amid economic strain and border tensions (August 1, 2025)https://www.marklines.com/en/news/330465 Thai EV Board eases compliance rules through EV3 and EV3.5 program revisions (July 31, 2025)https://www.marklines.com/en/news/330390 Thailand-Cambodia military conflicts force parts suppliers to ...

Market & Tech Reports  Updated at: 2025/11/25

ng for about 83% of total domestic Korean production. Although the domestic EV production lines are operating erratically due to slowing demand, the Group is increasing production at its plants outside Korea and plans to sequentially launch a number of EV and FCEV models, including the Ioniq 9, the EV3 through EV5, and the PV5.   GM Korea produced 494,000 vehicles in Korea in 2024, with more than 80% exported to the United States. Although domes...

Market & Tech Reports  Updated at: 2025/10/23

speeds using an injection molding machine, just like plastic.・ACM (acrylic rubber): High heat resistance.・ECO (epichlorohydrin rubber): Excellent ozone resistance.・IR (isoprene rubber): It has a similar structure to natural rubber and is widely used as a substitute for natural rubber.   Kia EV3 Study Car - Sustainable high performance material solutions (BASF Japan)   The Kia EV3 Study Car is the third concept car created through collabo...

Market & Tech Reports  Updated at: 2025/06/19

24, preferential treatment was approved to temporarily lower the excise tax rates for HVs, in November for PHVs, and in December for Mild Hybrid Vehicles (MHVs) depending on the application conditions. To build an electric mobility ecosystem, the Thai government has implemented incentive measures: EV3.0 (for 2022-2023) and EV3.5 (for 2024-2027), which provide subsidies and tax breaks for EV purchases. If finished EVs are imported using this subs...

Market & Tech Reports  Updated at: 2025/05/12

t operation in 2026. On September 27, 2024, Kia unveiled the Gwangmyeong EVO Plant, Hyundai Motor Group's first dedicated EV manufacturing facility. The Gwangmyeong Plant 2 was remodeled over the course of a year to be dedicated to EVs, and KRW 400 billion was invested to transform the plant. The EV3 and EV4 models are planned for production, with an annual production capacity of 150,000 units per year. USA According to local press reports on...

Market & Tech Reports  Updated at: 2025/04/07

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

Thailand International Motor Expo 2024 (1) Chinese OEMs Chery, Changan, Geely, SAIC, GAC, BYD, and others Summary Chery: Omoda and Jaecoo brand electrified vehicle lineup Changan: Deepal and Avatr e-SUVs and REEV pickup truck Geely EX5 and Zeekr 7X e-SUVs and RIDDARA electric pickup truck SAIC: IM Motors intelligent e-SUV, and Wuling brand compact EVs GAC: Aion V e-SUV and HYPTEC SSR BEV sports car BYD: Denza D9 luxury e-MPV, Sealion 7 e-SUV, SHA...

Market & Tech Reports  Updated at: 2024/12/27

les. The company remains committed to its long-term ambition (full electrification and achieving carbon neutrality by 2040). Hyundai Motor,Kia Kia aims to expand its EV lineup to 11 models by 2026, and 15 models by 2027, making its lineup fully electric by 2035. In November 2024, Kia launched the EV3, a new compact EV SUV based on the platform exclusively for EVs. Toyota In December 2023, Toyota announced its electrification strategy in the E...

Market & Tech Reports  Updated at: 2024/12/25

Paris Motor Show 2024: BEV HMIs Renault, Peugeot, Kia, AITO, BYD, XPeng, etc. Summary HMI trends at the Paris Motor Show 2024 Renault 4 E-Tech Electric and 5 E-Tech Electric Peugeot E-3008 / Citroen e-C3 Dacia Bigster Audi's new-generation HMI Alfa Romeo Junior Cadillac (GM) Optiq Kia EV3 AITO M9 BYD Sealion 7 XPeng G9 GAC Aion HYPTEC HT Hongqi EHS7 Dongfeng Forthing S7 Skyworth Auto Skyworth Y View of the motor show venue Renault ...

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

October, the selling rate exceeded the 1.7 mn-unit mark for the first time since November 2023 and reached 1.72 mn units/year. Growth was driven by a number of new model launches from smaller players, such as Renault Korea’s Koleos SUV, KG Mobility’s Actyon, and Kia’s new affordable BEV, the EV3. In contrast, Hyundai’s performance was lackluster. Light Commercial Vehicle sales continued to decline by double digits, due to the aging model...

Market & Tech Reports  Updated at: 2024/11/19

Plant 2021 SK LiB 77.4kWh 697 Hyundai Grandeur Hybrid HEV Korea Asan Plant 2022 LG LiB 1.76kWh Hyundai Kia Carnival Hybrid HEV Korea Gwangmyeong Plant 2023 LiB 1.49kWh 270 5.5 Hyundai Kia Cee'd Plug-in Hybrid PHEV Slovakia Zilina Plant 2020 Li-P 8.9kWh 360 24.7 Hyundai Kia EV3 BEV Korea Gwangmyeong Plant 2023 LG LiB 58.3 / 81.4kWh 343 / 369 Hyundai Kia EV6 BEV Korea Hwasung Plant 2021 SK Li-P 58 / 77.4kWh 522.7 ...

Market & Tech Reports  Updated at: 2024/10/18

4) ASEAN (2): Production and sales recovering to pre-pandemic levels (Aug. 2023) ASEAN (1): Accelerating shift to EVs, and market entry of Chinese OEMs (Aug. 2023)  Electrification policies of ASEAN countries Thailand Plans to have EVs account for 30% of domestic automobile production by 2030 EV3.5 incentive package to be implemented from 2024 to 2027Reduction in excise tax rate・ EV passenger cars (under THB 7 million): 8% → 2%・ EV pi...

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

on the 17th, that they would each start operations at plants in Thailand. In addition, new models in the market such as the Wuling Bingo and the Neta X are being announced frequently, giving a sense of the momentum of Chinese manufacturers.   On the other hand, Thailand's EV preferential policy, "EV3.5," has reduced subsidies compared to the "EV3.0" policy that ran through 2023, and mandates a higher proportion of EVs produced domestically in T...

Market & Tech Reports  Updated at: 2024/08/29

Koleos HV (code name Aurora 1) in June, 2024.   KG Mobility changed its brand name in Korea to KGM in November 2023, which has been used in overseas markets. The automaker and BYD signed agreements to jointly develop next-generation hybrid systems and produce battery packs in Korea. Kia’s EV3, a new compact electric SUV (Photo: Kia) KG Mobility’s Korando EV, a new electric SUV (Photo: KG Mobility)   Related reports:Korean Battery ...

Market & Tech Reports  Updated at: 2024/07/25