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

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

razil, India, etc. Summary 2024 sales performance: Sales growth slows to 9.8% y/y, with 66% of sales being imported vehicles Import performance in 2024: Chinese-made vehicles reach 30% of total imports Sales volume by segment: Shift from subcompact to slightly higher-end models; BEV/PHEV share at 1.5%. Trends in electric vehicle sales: EVs including HEVs grow by nearly 70% Sales volume by OEM: Nissan maintains top share, followed by GM and VW Chi...

Market & Tech Reports  Updated at: 2025/04/30

Bangkok International Motor Show 2025 (1) Chinese OEMs BYD, Geely, Chery, Changan, MG, GAC, and others Summary BYD: Shark 6 DMO PHEV pickup truck, Denza D9 flagship electric MPV Geely: Star Wish compact EV, Zeekr SUV and MPV, RIDDARA electric pickup truck Chery: Market entry of Chery brand, Omoda & Jaecoo model lineup Changan: Deepal S05 BEV and REEV variants MG (SAIC): New S5 EV and IM6 premium intelligent e-SUV GAC: Aion UT EV and M8 PHEV GWM: ...

Market & Tech Reports  Updated at: 2025/04/25

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

in China Core Technology: Shift from electrification to intelligent vehicles; accelerating AI Overseas Trends: No. 1 in passenger car exports for 22 consecutive years, building a plant in Spain Chery Group's sales volume in China (factory shipments) GlobalData Sales Forecast: Chery Group to Sell 2.45 Million Light Vehicles in 2028 Chery Group's representative NEV models(Source: Chery official website)   Chery Automobile Co., Ltd.'s (Che...

Market & Tech Reports  Updated at: 2025/03/07

ntry 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 OEMs and Others (Jan. 2025)Thailand International Motor Expo 2024 (1) Chinese OEMs (Dec. 2024)ASEAN Vehicle Sales and Production Update (Q3 2024) (Nov. 2024)ASEAN (2) Increa...

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

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

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

ble EVs Summary EV sales in Europe slowing down; Automakers reducing workforce EU imposes additional duties on imports of Chinese EVs National governments implementing various EV incentives; OEMs launching affordable EVs Zero-emission vehicles (EV, FCV) launched/to be launched in Europe in 2024-2025 Passenger car sales: 10.82 million units for January-October 2024, same level as last year Passenger car production: 1.3% decline to 11.6 million u...

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

Chinese OEM Overseas Expansion Activities: Chery, Changan Chery maintains top position in export volume; Changan building first overseas plant in Thailand Summary Chery: Exports to average 90K+ units per month in 2024, with KD plants built in various regions Changan: Announces overseas strategy, to start operations in Thailand in Q1 2025 Export of various Chery brand vehicles (Source: Chery)   According to a report by the China Associat...

Market & Tech Reports  Updated at: 2024/11/25

e obliged to produce EVs in Thailand with the application of government subsidies.   Indonesia is also aiming to become an EV and EV battery manufacturing hub. The government will also continue to offer exemptions from value-added taxes, sales taxes on luxury goods, and import duties until 2024-2025.   Malaysia has set a target of 20% electrified vehicles (EVs + HVs) as a percentage of new vehicle sales by 2030, and is working to promote the sp...

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

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: Selling CKD-produced model "SERES E1" Neta Auto (Neta): "Neta X," a mid-sized SUV EV Hyundai/Kia: Sales of Kona Electric begin VinFast: VF 5 and VF e34 now on sale Smart: Re-entering the Indonesian market Toyota: Bioethanol vehicle "Innova Zenix HEV Flexy Fuel Concept" Honda: Launch of e:...

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

Chinese Market H1 2024: New Vehicle Sales Exceed 14M Units, NEVs 4.9M BYD up 28.5% to 1.6M units, non-Chinese OEMs struggle, and exports increase Summary New vehicle sales in H1 2024 up 6.1% y/y to 14,045,000 units Sales by Group: SAIC's share is 12.7%, BYD 11.5%, and Geely in the top 5 Market share by vehicle type: SUVs at 45.0%, commercial vehicles steady Passenger car market: Chinese automakers have 62.5% share; BYD leading with 1,607,000 unit...

Market & Tech Reports  Updated at: 2024/08/20

ing EV market (Apr. 2024)Thailand: Chinese OEMs to build EV production facilities (Mar. 2024)   2024 Q2 ASEAN Countries Sales Comparison (units) Country Jun. 2024 Jun. 2023 Y-o-Y Apr.-Jun.2024 Apr.-Jun.2023 Y-o-Y Jan.-Jun.2024 Jan.-Jun.2023 Y-o-Y Thailand 47,662 64,440 -26.0% 144,271 189,058 -23.7% 308,027 406,131 -24.2% Indonesia 72,936 82,656 -11.8% 192,944 223,826 -13.8% 408,012 506,427 -19.4% Malaysia 58,046 62,601 -7.3% 187,961...

Market & Tech Reports  Updated at: 2024/08/20

rted from China accounted for 20% of the market Chinese OEMs: Imports and local production surge; sales in Mexico up 2.8 times y/y Tesla: Receives approval from Mexican authorities to build factory in Mexico, but concerns remain over delays in start of operations Renault-Nissan Group: Production up 58%, supported by increased sales in the U.S.; domestic (Mexico) sales also strong GM: Starts production of EVs; imports from China soar to 65% of dom...

Market & Tech Reports  Updated at: 2024/06/14

debuts an electrifed supercar concept car Chery: Debut of the Fulwin E06 Concept and iCAR 03T, the first MPV concept under the Exeed brand Chery booth   The 18th Beijing International Automotive Exhibition (Auto China 2024) was held at the China International Exhibition Center from April 25 to May 4. The exhibition attracted attention from renowned Chinese and non-Chinese automakers, suppliers, and technology exhibitors. The event cover...

Market & Tech Reports  Updated at: 2024/06/11

ales 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 in Indonesia decline 4% to 1.01 million, CBU exports grow 7% to 510k Domestic market: Japanese OEMs launching several HV/PHV models Production Forecast by GlobalData: Indonesian production expected to be 1.57 milli...

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

Chinese Market 2023: Sales Exceed 30m; BYD Dominates NEV Market Chinese OEM market share nears 60%, exports at 5.22m record high Summary Forecast sales volume exceeded 30 million units for the first time in 2023, expected to exceed 31 million units in 2024 2023 sales volume by group: BYD jumps to 3rd place, Dongfeng moves out of 5th place Passenger car market in 2023: Chinese automakers capture a share of nearly 60%, with BYD at the top with over...

Market & Tech Reports  Updated at: 2024/03/06