singly penetrate the market, entering multiple segments from urban SUVs to full-fledged off-roaders, high-end MPVs, and pickup trucks.   Chinese OEMs are undergoing a qualitative change from "exporting finished vehicles" to "localizing the entire supply chain”. In response to Thailand's electrification policy, BYD, Changan, Great Wall Motor, and others have built finished vehicle plants. At the same time, major suppliers such as CATL, SVOLT, a...

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

(Automotive): Nearly 100 are Chinese suppliers List of BOI-approved companies in 2025 (automotive): EV and charging-related projects, etc. Thailand Automobile Market Overview   According to an announcement by Thailand’s Board of Investment (BOI), the total number of BOI investment incentive applications in 2025 was approximately 3,370 (up approximately 11% year-over-year (y/y)) with the total investment amount reaching a record high of approxi...

Market & Tech Reports  Updated at: 2026/02/17

Geely Riddara, GWM, Honda, Hyptec, Hyundai, Isuzu, Jeep, Kia, Leapmotor, Lexus, Maxus, Mazda, Mercedes-Benz, MG, MINI, Mitsubishi, NEX, Nissan, Omoda & Jaecoo, Pocco, Porsche, Suzuki, Tesla, Toyota, Volvo, Wuling, XPeng, and Zeekr.   Participating two-wheeler brands included BMW Motorrad, Deco, Ducati, EM Motor, Harley-Davidson, Honda, Lambretta, Niu, Royal Alloy, Royal-Enfield, SLEEK EV, Suzuki, Triumph, Tromox, Yamaha, and Zontes.   Highligh...

Market & Tech Reports  Updated at: 2026/01/16

for hybrid vehicles (HVs) has been increasing. Previously, there was a plan to raise the excise tax rate on non-EV models every two years, but it was deemed necessary to respond to the trend of expanding not only EVs but also HVs. Therefore, in July 2024, 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 conditi...

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

ng the cutting-edge FLYME Auto intelligent operating system.   Known as the Geely Geome Xingyuan in China, this EV also rides on the Global Intelligent New Energy Architecture (GEA), just like the Geely EX5. It boasts a range of up to 400 km (CLTC standard) on a single full charge.   While specifications for the Thai market and the official launch date in Thailand have yet to be unveiled, the Star Wish is expected to become the second Geely mod...

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

In February 2023, TMT Automobile Joint Stock Company (TMT Motors) signed a strategic cooperation agreement with SAIC-GM-Wuling (SGMW). The two companies announced that the agreement regards the production, assembly, and exclusive sales of EVs. TMT Motors and its automobile assembly plant are both located in the Van Lam District of Hung Yen Province. The first phase will have an annual production capacity of 30,000 units, which is planned to be in...

Market & Tech Reports  Updated at: 2024/12/20

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

Auto China 2024: Geely, Great Wall Motor World premier of Geely's flagship SUV; Great Wall Motor’s ORA brand unveils global strategy Summary Geely: World premiere of the Galaxy Starship SUV prototype; Lynk & Co's first EV sedan, the 07EM-P, available for pre-order Great Wall Motor (GWM): Exhibits Tank 700Hi4-T for the first time and announces ORA's overseas expansion plans Galaxy Starship prototype at Geely Auto’s booth   The 18th B...

Market & Tech Reports  Updated at: 2024/06/25

tem Co., Ltd. (Zhejiang Yinlun Machinery Co., Ltd.) Xiezhong International Thermal Management System (Jiangsu) Co., Ltd. (Xiezhong International, formerly Nanjing Xiezhong Auto-Airconditioner (Group) Co., Ltd.) Zhejiang Sanhua Automotive Components Co., Ltd. (Zhejiang Sanhua Automotive) Denso Corporation (Denso) Marelli Corporation (Marelli); Highly Marelli Japan Corporation   See Analysis Report: Lithium-Ion Battery (Japan, Europe, North ...

Market & Tech Reports  Updated at: 2024/05/16

Indonesia: BYD, MG, Great Wall, Chery and VinFast entering EV market Tax incentives to continue, utilizing nickel to build EV ecosystem Summary Electrification policy: Tax incentives for EVs to continue in 2024 EV sales 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...

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

Great Wall Motor: Over 1.23M Units Sold in '23, Acceleration of Smart and EV Autonomous driving AI model; entry into commercial FCV field Summary Brands: ORA and Saloon to integrate, as well as WEY and Tank; Haval to focus on NEVs Subsidiary component suppliers: Covering electrification and intelligent technologies, producing semiconductors Overseas trends: Global strategy announced; overseas sales volume surges Commercial Vehicles: Establishing ...

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

centives and zero tariff based on the ASEAN-China Free Trade Agreement (ACFTA). In 2023, Anhui Jianghuai Automobile Group Corp., Ltd. (JAC) and China Changan Automobile Group Co., Ltd. (Changan Automobile) have officially entered the Thai market. The China Automotive Technology and Research Centre (CATARC), which formulates standards and grants certification for automobiles, has opened a regional office in Thailand to support activities by Chines...

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

      Some corrections have been made to past vehicle data.              The sales volume (shipment volume) for China are aggregate figures excluding exports.              Share figures are based on the number of units in thousands.  (Note 2) Reasons for high electrification rates in Nordic countries               1. The population’s environmental awareness has always been high.           ...

Market & Tech Reports  Updated at: 2023/09/26

ild battery plants in Indonesia Summary ASEAN countries: EV launch plans (overview) Thailand: Many Chinese manufacturers building EV factories Indonesia: Towards becoming a production hub for EVs and EV batteries Malaysia: Excise and sales tax exemption for locally assembled EVs until 2027 Electrification policies in the Philippines, Vietnam, and Singapore   The ASEAN market recently has been implementing various measures to realize a decarboniz...

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

assenger Vehicle, FAW-VW, BAIC BJEV, SAIC VW, Chery Auto, Hozon New Energy, BMW Brilliance, Leapmotor, Dongfeng Passenger Vehicle, Zhengzhou Yutong, VW Anhui, Dongfeng Liuzhou Motor, SAIC-GM, Chongqing, Geely Commercial Vehicle, BAIC Foton, FAW Hongqi, Nanjing Golden Dragon Battery manufacturers: CATL, FinDreams Battery, LG Energy Solution, Panasonic, Gotion High-tech, CALB, SVOLT, Farasis, Sunwoda, Tianjin EV Energies, EVE, Lishen Battery, Gre...

Market & Tech Reports  Updated at: 2023/06/23

month Philippines: up 47.7% to 23,293 unitshttps://www.marklines.com/en/vehicle_production/month?nationCode=PHL   Thailand   According to the Federation of Thai Industries (FTI), vehicle sales in January, February, and March witnessed a YoY decline of 5.6%, 3.9%, and 8.4%, respectively. The unfavorable factors impacting local car sales included the semiconductor shortage issue that delayed delivery of some car models, the increased strictness ...

Market & Tech Reports  Updated at: 2023/05/17

l "Seagull" began. In addition, the four-passenger "Denza D9" inaugural version was unveiled. The Yangwang model attracted much attention at the venue by showing off functions such as turning in place. Great Wall Motor Co., Ltd. (Great Wall Motor) exhibited 30 models under five brands: Haval, WEY, ORA, TANK, and POER. Of these, more than 15 models were smart NEVs (New Energy Vehicles: battery electric vehicles, plug-in hybrids, fuel cell vehicle...

Market & Tech Reports  Updated at: 2023/05/12

mption has been slowly releasing, significantly improving the trend of the auto market in late March. Promotions and destocking for old models compliant to the China-6 Standard were the core factor of recent promotions.April 2023 has as few as 19 workdays and is the starting point of Q2, implying a good and favorable market environment for automakers to produce and sell. In the month, the Auto Shanghai event, suspended in the past due to the COVI...

Market & Tech Reports  Updated at: 2023/04/13

ta V city car, Neta S sporty smart coupe, Neta Kid, Mini Commercial EV BYD: Dolphin EV, ATTO 3 EV, Tang EV, Han EV, Seal, Frigate 07, Denza D9, and Song Plus (DM-i) MG: New MG Maxus 9, MG ES electric station wagon Great Wall Motor: All-new TANK 500 HEV, Haval H6 HEV, Haval H6 PHEV, Haval Jolion HEV,ORA Good Cat and ORA Good Cat GT Hyundai: Stargazer and Staria MPVs, IONIQ 5, IONIQ 6, E-GMP Platform Peugeot: e-2008 electric SUV, 408 Plug-in Hybrid...

Market & Tech Reports  Updated at: 2023/04/10

gin in the fourth quarter of 2023. Japan Establishment of sales network In July 2022, BYD announced its intention to enter the Japanese EV passenger car market. As of the end of February 2023, the company had established 33 dealerships in Japan and announced plans to establish dealerships in 70 locations in the future.. In addition, the company plans to establish a nationwide sales network and open approximately 100 sales offices by 2025. Lau...

Market & Tech Reports  Updated at: 2023/04/05