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

U POWER and partners launch Southeast Asia’s first battery-swap taxi fleet in Phuket, Thailand Announced on May 6, 2025, U POWER Limited (NASDAQ: UCAR) and global partners including UNEX EV, AUTO DRIVE, and Sumitomo Corporation Leasing launched Southeast Asia’s first battery-swap taxi fleet in Phuket, Thailand, on April 30. The initial rollout includes 21 UNEX EV-MG taxis, marking a major step in Thailand’s push for green and low-carbon tra...

News  Updated at: 2025/05/06

U Power conducts Southeast Asia's first public demonstration of EV battery swap station in Thailand Announced on April 8, 2025, U Power Limited (Nasdaq: UCAR) took a major step in its Southeast Asia expansion with a successful outdoor exhibition of its UOTTA battery swap station at the 2025 Bangkok International Motor Show in Thailand. The demonstration drew strong interest, with support from key partner SUSCO and over 80 Thai media organizations...

News  Updated at: 2025/04/09

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

GlobalData Blog: Thailand’s automotive industry at a crossroads Thailand’s automotive industry stands at a crossroads. While it remains a significant player in the ASEAN region, its traditional strengths are under pressure from global trends and domestic challenges. Thailand, formerly known as “the Detroit of Asia,” is losing its competitive edge as a major auto production hub and exporter, as overseas buyers are increasingly switching to...

News  Updated at: 2024/12/12

EV Primus Co., Ltd., Chon Buri Plant Wuling : Binguo EV (2024-), EV models (2024-planning); VOLT City EV (planning); EV Primus' manufacturing plant. Started production of Wuling's EV models in 2024 - Production started in 2024 - Designing of assembly lines and quality testing lines supported by SAIC-GM-Wuling (SGMW) - Investment: approximately THB 200 million EV Primus building EV plant in Chon Buri, Thailand; to make Wuling EVs Thai BOI appro...

OEM Plants  Updated at: 2024/12/11

EV Primus: first Wuling EV unit already rolls off production line in Thailand Reported on December 10, 2024, EV Primus Co., Ltd., the first multi-brand EV distributor in Thailand and the sole distributor of Wuling electric vehicles in Thailand unveiled that the first Wuling unit (Wuling Binguo EV) has already rolled off the production line in its plant located at the Laem Chabang Industrial Estate, meeting the conditions required by the Excise D...

News  Updated at: 2024/12/11

Thailand EV Board approves extended BEV production timeframe under EV 3.0 / EV 3.5 schemes Announced on December 4, 2024, Thailand’s National Electric Vehicle Policy Committee (EV Board) has approved to give more time to BEV manufactures to meet their production commitment under the EV 3.0 incentive package. The EV 3.0 required them to produce EVs in Thailand to compensate for the units they imported from the start of this subsidies program in ...

News  Updated at: 2024/12/06

Juneyao Auto launches JY Air EV in Thailand; planning local assembly in 2025 On November 19, 2024, Juneyao Auto held its launch ceremony in Thailand, presenting the concept of “Joyful Drive, Joyful Life”. The company also unveiled JY Air, its electric sedan with One Box design philosophy, featuring a futuristic minimalist design. It is offered in 2 variants Standard and Plus, priced from THB 759,000 and THB 869,000, respectively (under EV 3.5...

News  Updated at: 2024/11/21

Hyundai announces commitment to Thailand’s EV ecosystem development On September 26, 2024, Hyundai Mobility Thailand (HMT) announced a strategic investment of over THB 1 billion to enhance its presence and contribute to the growth of Thailand’s EV ecosystem.  Thailand’s Board of Investment (BOI) has already approved Hyundai Mobility Manufacturing (Thailand) Co., Ltd.’s investment project that will focus on boosting the local EV productio...

News  Updated at: 2024/09/30

Participants in Thai EV support measures required to start production of key EV parts by 2026 Reported on September 24, 2024, Thailand’s Excise Department said auto manufacturers who enjoy the government’s EV promotion measures are required to start producing 3 crucial components for EVs, namely e-motor, reducer, and inverter, in Thailand by 2026. In Thailand, EV promotion measures have already been launched in the first phase (EV 3.0) and se...

News  Updated at: 2024/09/26

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

Electric Vehicle (BEV/PHV/FCV) Sales Monthly Report (July 2024) Electric vehicle sales in July increase 20.0% y/y to 1,179,000 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 pr...

Market & Tech Reports  Updated at: 2024/08/29

Thai BOI approves Hyundai’s plan to locally manufacture BEVs and batteries from 2026 Announced on August 7, 2024, the Thailand Board of Investment (BOI) has approved investment promotion applications worth a combined THB 1 billion (USD 28 million) by Hyundai Mobility Manufacturing (Thailand) Co., Ltd.  The company plans to start the local assembly of BEVs and EV batteries (starting from battery modules) in 2026. The operations will be conducte...

News  Updated at: 2024/08/07

Thai Excise Department says EV 3.5 measures to cost another THB 7 billion On July 8, 2024, Thailand’s Excise Department revealed that THB 7 billion has already been spent, offering subsidies on 40,000 EVs. The department is now seeking another THB 7 billion for this EV3.5 promotion. So far, this support measure has shown satisfying results as 30 vehicle manufacturers have applied for subsidies.  The department provides up to THB 100,000 in sub...

News  Updated at: 2024/07/10

GlobalData blog: ASEAN market report and outlook After Malaysia surpassed Thailand to become the second-largest Light Vehicle (LV) market in the ASEAN region in 2023, second only to Indonesia, our sales outlook requires careful consideration. In 2023, Malaysia’s total LV sales increased by 12% YoY to a record high of 793k units. Meanwhile, the Thai and Indonesian markets experienced 9% and 3% YoY declines, with sales reaching 756k and 929k unit...

News  Updated at: 2024/06/19

NEX Point - Dayun Automobile sign SCA for development of mini EVs in Thailand Announced on May 23, 2024, SET-listed NEX Point PCL and China-based EV manufacturer Dayun Automobile Co., Ltd (Dayun) have entered into a Strategic Cooperation Agreement (SCA) on May 22 regarding cooperation on the development of small electric vehicle in Thailand.  In the initial phase, NEX will import the Dayun Yuehu mini e-SUV for the purpose of marketing and test-m...

News  Updated at: 2024/05/24

Neta Auto Thailand joins govt.’s EV 3.5 package; Q1/2024 EV registrations up 12.1% Announced on April 25, 2024, Neta Auto (Thailand) Co., Ltd., has recently signed a Memorandum of Understanding (MOU) with the Thai Excise Department to receive government approval for the EV 3.5 policy. Participating in these government’s measures to support the use of EVs in the second phase will allow NETA to present more EV models to the Thai market, includi...

News  Updated at: 2024/04/29

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