), Chery Automobile Co., Ltd. (Chery Automobile), and others are scheduled to start production in Thailand. The Thai government is also offering preferential treatment for the production of batteries, a key component of xEVs. The excise tax on EV batteries is reduced from 8% to 1% and a subsidy of THB 24 billion is provided to support manufacturing. In 2024, Energy Absolute PCL of Thailand, a joint venture plant between Banpu NEXT Co., Ltd. of T...

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

S variant. The City Hatchback e:HEV combines a 1.5L Atkinson-cycle DOHC i-VTEC engine with a dual electric motor setup and e-CVT transmission, delivering 253 Nm of torque and achieving 27.8 km/l in fuel efficiency.   Another highlight was the e:N1, Honda's first fully electric vehicle, priced from THB 1.199 million. Imported as a CBU model from China, it is now open for booking and purchase. Offered in a single variant, the e:N1 features a minim...

Market & Tech Reports  Updated at: 2025/05/08

m/h in 7.3 seconds, while the REEV variant takes 7.9 seconds.   The Deepal S05 showcases a sleek and modern design with its Interstellar Wing Design, inspired by futuristic spacecraft. Its overall dimensions are (LWH) 4,620x 1,900x 1,600 mm, with a wheelbase of 2,880 mm. The S05 BEV is priced from THB 799,000, while the REEV option starts at THB 949,000. Changan's press stage Deepal S05 Deepal Hunter K50   The Deepal Hunter K50, the ...

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

omote the development, production, and export of new energy vehicles, Thailand has stated that it will begin producing a new compact SUV for the Global South at a scale of 100,000 units per year from 2027. Source: Created from "Mazda Multi-Solution Briefing 2025" (March 18, 2025)   Mazda to add THB 5 billion investment in Thailand to establish MHEV manufacturing hub   In the same announcement "Lean Asset Strategy", Mazda also mentioned the s...

Market & Tech Reports  Updated at: 2025/04/01

esian markets decline, electric vehicles grow https://www.marklines.com/en/report/rep2729_202409   Thailand Nippon Steel Corp. urged to expand investment in Thailand, supported by growing HEV market (December 26, 2024) https://www.marklines.com/en/news/319684 Toyota Chaiman meets Thai PM; Planning THB 55 billion investment to expand HEV production (December 20, 2024) https://www.marklines.com/en/news/319458 Thailand EV Board approves extended BE...

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

International Motor Expo was officially opened on November 28, 2024 (Press Day), featuring the concept of “Innovative Spirit…Futuristic Vehicles”. The event ran until December 10, 2024, successfully recorded 54,513 car bookings and 7,982 motorcycles booked, resulting in a circulation of over THB 55 billion.   The 42 car brands from 9 countries and 22 motorcycle makers from 7 countries showcasing their products at the show were Aion, Audi,...

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

International Motor Expo was officially opened on November 28, 2024 (Press Day), featuring the concept of “Innovative Spirit…Futuristic Vehicles”. The event ran until December 10, 2024, successfully recorded 54,513 car bookings and 7,982 motorcycles booked, resulting in a circulation of over THB 55 billion.   The 42 car brands from 9 countries and 22 motorcycle makers from 7 countries showcasing their products at the show were Aion, Audi,...

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

e to enhance transportation efficiency. In November of the same year, the first EV model, the MG4, rolled off the production line at the plant. The model uses a wide range of components from 17 local Thai suppliers. The plant became fully operational in May 2024. The total investment amount is over THB 30 billion. The plant has a Cell-To-Pack (CTP) battery assembly capacity of 50,000 units per year. Sales network EV Primus Co., Ltd., the first ...

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

September, respectively. Vehicle production in January – September 2024 stood at 1,128,026 units, down 18.6% YoY.   Difficulty in accessing auto loans was still the main reason behind the sales decline. Financial institutions were also worried over YTD auto loan NPLs that have already surpassed THB 259 billion and the high household debt that has already exceeded 91% of Thailand’s GDP. The FTI also pointed out that the delayed budget bill f...

Market & Tech Reports  Updated at: 2024/11/26

serving as a Southeast Asia export hub for right-hand drive vehicle markets. The company has established three local subsidiaries, namely Changan Auto Southeast Asia Co., Ltd., Changan Auto Sales (Thailand) Co., Ltd., and Changan Auto Components (Thailand) Co., Ltd. Furthermore, Changan will invest THB 20 billion to establish an NEV (New Energy Vehicle: BEV, PHEV, and FCEV) production base. The annual production capacity is set at 200,000 units. ...

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

dealers from four countries: Thailand, Myanmar, Vietnam, and Singapore. The first overseas product, the Aion Y Plus (with right-hand drive), was launched in September 2023, and the Hyptec HT in September 2024. In January 2024, construction of the GAC Aion Thailand plant with a total investment of THB 2.3 billion and an annual production capacity of 50,000 units began at the Thai Rayong Industrial Estate (construction will be divided into two ph...

Market & Tech Reports  Updated at: 2024/10/30

17,682 1,610,308 1,792,016 1,856,814 Source: Department of Land Transport (DLT) of Thailand materials, etc     Sales of electric motorcycles in Thailand in 2023 were 21,000 units, of which Deco Green Energy Co., Ltd. (Deco) accounts for 9,000 units.   The Thai government provides a subsidy of THB 18,000 (JPY about 78,000) for the purchase of electric motorcycles priced up to THB 150,000. In May 2024, electric motorcycle manufacturer EM Moto...

Market & Tech Reports  Updated at: 2024/09/10

s, 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 pickup trucks: 0% (until 2025), 2% (2026 to 2035)Reduction in import tariff rate・ EV (under THB 2 million): 40% redu...

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

s, Maserati, Porsche, Rolls-Royce   From March 27 to April 7, 2024, Thailand's 45th Bangkok International Motor Show (45th BIMS) was held under the theme concept of "The Mobility of Joyful Experiences". The event was organized by Grand Prix International PCL (GPI) with an investment amount of over THB 300 million (approximately USD 8.3 million).   International automotive brands joining this event included Aion, Audi, Bentley, BMW, BYD, Changan...

Market & Tech Reports  Updated at: 2024/04/30

: Honda, Yamaha, Zeeho, and Strom   From March 27 to April 7, 2024, Thailand's 45th Bangkok International Motor Show (45th BIMS) was held under the theme concept of "The Mobility of Joyful Experiences". The event was organized by Grand Prix International PCL (GPI) with an investment amount of over THB 300 million (approximately USD 8.3 million).   International automotive brands joining this event included Aion, Audi, Bentley, BMW, BYD, Changan...

Market & Tech Reports  Updated at: 2024/04/26

r HEV pickup truck and xEV lineup   From March 27 to April 7, 2024, Thailand's 45th Bangkok International Motor Show (45th BIMS) was held under the theme concept of "The Mobility of Joyful Experiences". The event was organized by Grand Prix International PCL (GPI) with an investment amount of over THB 300 million (approximately USD 8.3 million).   International automotive brands joining this event included Aion, Audi, Bentley, BMW, BYD, Changan...

Market & Tech Reports  Updated at: 2024/04/19

3. Hasco-CP Co., Ltd. held a ceremony at the end of October 2023 to celebrate the opening of its new battery plant and the production of SAIC's first locally produced battery in Thailand at the SAIC Motor - CP Co., Ltd., New Energy Industrial Park. The amount of investment in the battery plant is THB 500 million (about USD 13.9 million). The annual production capacity of drive batteries is 50,000 units. The official opening is expected in 2024....

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

oved the EV 3.5 incentive package, which is set to further strengthen the National Electric Vehicle (EV) Policy Committee’s push for an electric mobility ecosystem in Thailand. Compared to the EV 3.0 program which ended at the end of 2023, the EV 3.5 package will reduce the maximum subsidies from THB 150,000 to THB 100,000 and lower them further in phases over the period of the program. Regarding tax incentives, the reduction of the excise tax ...

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

ant has an investment of BRL 35 million, with plans to assemble 1,000 modules each year. Blade battery production began in the second half of 2022. Thailand Finished vehicles It announced in September 2022 that it would build its first overseas EV manufacturing site in Thailand. The investment is THB 17.9 billion with an annual production capacity of 150,000 units. The plant is scheduled to be constructed at WHA Industrial Development (WHA), an...

Market & Tech Reports  Updated at: 2023/12/28

ternational Motor Expo 2022 (2): It's time…Come touch the future (Dec. 2022)Thailand International Motor Expo 2022 (1): It's time…Come touch the future (Dec. 2022)     NEX Point showcased the Thailand-made MINE BEV Pickup trucks, available in the Double Cab and Single Cab choices. Priced from THB 1.049 million, this electric pickup truck is equipped with a lithium-iron phosphate battery that promises around 300 km per one full charge (NEDC ...

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