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

Electric Vehicle (BEV/PHV/FCV) Sales Monthly Report (March 2024) Electric vehicle sales in March increase 19.1% y/y to 1,125,000 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 12 major countries (including ICE and all other powertrains)   This report ...

Market & Tech Reports  Updated at: 2024/04/25

SAIC: 3.5M NEV Sales by 2025, Launching 14 New Smart EV Models Overseas Promoting AI strategy with its IM Motors subsidiary, installing semi-solid-state batteries by 2024 Summary Electrification: Selling 3.5 million NEVs in 2025; semi-solid-state batteries to be installed in 2024 Intelligent technologies: Accelerate implementation of automated driving commercialization, promote IM Motors’ AI for Mobility strategy Internationalization: Targeting...

Market & Tech Reports  Updated at: 2024/03/25

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

sembly plant in Hwaseong, South Korea which will use a hybrid production strategy, combining conveyor and cell-based processes. The new plant is expected to be operational in 2025 and will have an annual capacity of 150,000 vehicles.   Kia EV lineup with non-mobility applications Kia Concept EV3   At its outdoor exhibit, Kia displayed battery electric vehicles, including the Concept EV3 and Concept EV4 which debuted at the 2023 Los Ang...

Market & Tech Reports  Updated at: 2024/02/27

ASEAN Vehicle Sales and Production Update (Q4 2023) 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 2023 Thailand BEV sales by OEM ASEAN News Topics (Q4 2023)   * An updated version of this ASEAN report will be released every quarter.   Related reports:Thailand International Motor Expo 2023 (2) (Dec. 2023)Th...

Market & Tech Reports  Updated at: 2024/02/16

tform offers users a blank canvas to redefine how space and mobility can adapt to their needs by providing exceptional flexibility through radical modularity. Three-phase PBV road map will transform the mobility landscape, with more models, advanced software and customized services to come. Concept EV3, Concept EV4 and EV6 GT and EV9 production models showcase an 'EV Life for Everyone'.   Mercedes-Benz M-B had several introductions at CES 2024....

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

Japan Mobility Show 2023: Commercial Vehicles BEVs becoming the norm for light-duty trucks, FCEVs promising for heavy-duty vehicles Summary Trend of vehicles on display: Promoting the rollout of BEVs and FCEVs Electrification plans of commercial vehicle manufacturers (Isuzu/UD Trucks, Hino, Mitsubishi Fuso) Comparison of heavy-duty truck FCEV prototypes (Isuzu, Hino) Battery exchange stations (Isuzu, Mitsubishi Fuso) 2024 Issue: Commercial vehicl...

Market & Tech Reports  Updated at: 2023/11/29

, 34,000 units were sold in H1 of 2023, accounting for 93% of GM's U.S. EV sales. In April 2023, it was announced that the current model using the BEV2 platform would be discontinued by the end of the year, followed in July by the planned introduction of the next-generation Bolt using the "Ultium" BEV3 platform. Details of the model, including the release date, will be announced at a later date. Equinox EV Compact SUV 2RS Limited Edition: Fall ...

Market & Tech Reports  Updated at: 2023/09/06

2022 China Auto Forum: Development Trends of Smart EVs Presentations by Jidu, Chery, Changan, and SHPT Summary Jidu: Product strategy trends in the Smart Car 3.0 era Chery: "Yaoguang 2025" strategy (Architecture / Power / Smart / Ecosystem) Changan: Driving the shift to EVs with range extenders SHPT: Fuel cell industry development trends and corporate strategies Speech by Mr. Huarong ZHU, Chairman of the Board, Changan Automobile(Source: 20...

Market & Tech Reports  Updated at: 2022/12/16