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

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

Auto Sector Growth New Vehicle launches in Auto Expo Motor Show 2025 Maruti Suzuki India Limited (MSIL): e VITARA, and electric ecosystem "e For Me" Hyundai Motor India Limited (HMIL): CRETA Electric, and last-mile mobility in partnership with TVS Tata Motors: Avinya X Concept, and flex fuel engine Vinfast: Debut in India by launching VF 6 and VF 7 electric vehicles Kia India: New EV6, and Syros sub-compact SUV BYD India: Sealion 7 electric SUV, ...

Market & Tech Reports  Updated at: 2025/02/13

on Policies; Increasing Entry of Chinese OEMsThailand: BYD and Wuling begin EV production, Indonesia: Hyundai and LGES build JV battery plant https://www.marklines.com/en/report/rep2720_202408 GAIKINDO Indonesia International Auto Show 2024Emerging forces such as Chinese manufacturers, Hyundai, and VinFast are on the risehttps://www.marklines.com/en/report/rep2721_202408 Electric Vehicle (BEV/PHV/FCV) Sales Monthly Report (July 2024)Electric vehi...

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

d PHVs in the scope of import duty exemptions.   Vietnam will continue to lower the special consumption tax on EVs and exempt them from registration fees to popularize EVs. Also, corporate tax exemptions are available for the manufacture of EVs and their key components. Vietnamese startup EV maker VinFast LLC will build a plant in India, but has postponed plans to build a plant in the U.S., with production expected to begin in 2028.   Singapore...

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

Bangkok International Motor Show 2024 (3) VinFast, European OEMs BEVs from VinFast, Kia, European brands, and Thai brand electric commercial vehicles Summary VinFast: Full lineup of electric car models Nex Point: Thai brand electric commercial vehicles Hyundai RN22e Rolling Lab high-performance car Kia EV5 mid-sized electric SUV Ford Ranger Wildtrak V6 pickup truck Volvo EX30 BEV compact SUV BMW iX2 xDrive30 M Sport and i5 eDrive40 M Sport (Inspi...

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

ds out; many companies continue in the red, operations at risk to end Rivian Automotive: Production of 57,000 units in 2023, up 135% year-over-year; sales surge but business losses continue Lucid Motors: Production increases, but losses also increase; investment expansion with Saudi Arabian capital VinFast: Over 3,000 units sold in the U.S. in 2023, where production is to begin in 2025 Karma Automotive: First full BEV to be launched by the end of...

Market & Tech Reports  Updated at: 2024/04/02

CES 2024: New EV models highlight OEM strategies Honda, Mercedes-Benz, Sony show driver- and passenger-oriented sustainable vehicles Summary New Honda 0 Series concepts highlight company's transformation plan Mercedes-Benz electric concepts highlight disparate applications Sony shows updated Afeela concept in preparation for 2026 launch Debuting VinFast, Togg, Mullen models expand reach to new segments Honda 0 Series Space-Hub concept  ...

Market & Tech Reports  Updated at: 2024/02/09

with Arun Plus on cell-to-pack joint project development in Thailand (June 9, 2023)https://www.marklines.com/en/news/289502 Second Thai-Chinese industrial estate in Rayong targeting EV and battery related investments (June 7, 2023)https://www.marklines.com/en/news/289346 Future Mobility Asia 2023: VinFast announces intention to enter Southeast Asia’s electric mobility market (May 18, 2023)https://www.marklines.com/en/news/288308 MG to build EV...

Market & Tech Reports  Updated at: 2023/08/21

.   The Philippines plans to launch its “Comprehensive Roadmap for the EV Industry” (CREVI) in 2023. This will include reducing import tariff rates on EVs and related components.   To popularize EVs, Vietnam will lower the special consumption tax on EVs and exempt them from registration fees. VinFast LLC, an emerging Vietnamese EV manufacturer, has begun exporting to the U.S. and ASEAN countries.   Singapore plans to phase out internal com...

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