Amid the challenges posed by climate change and the pursuit of global carbon neutrality goals, the electric vehicle (EV) industry is experiencing rapid growth. Chinese EV makers, boasting advanced technology and significant manufacturing capacity, are swiftly expanding their exports, with more than 1 million EVs exported in 2023, marking a 99.1 percent increase from 2022. … Read more
Chinese electric vehicle makers are showcasing their latest models, including a flying car, as they take on global rivals at the Bangkok International Motor Show. Companies like BYD, XPeng, and Great Wall Motors are quickly growing their sales in Thailand, challenging longstanding market leaders like Toyota, Isuzu and Ford, as they expand exports across the … Read more
Indonesia has announced a new series of incentives to encourage the sales of locally produced and imported electric vehicles (EVs), in its latest bid to turn itself into Southeast Asia’s key EV market and manufacturing hub. According to a report by Reuters, the new rules, released on Tuesday evening, “will remove luxury tax on EVs … Read more
China’s electric vehicles (EVs) have made serious inroads in Southeast Asia in recent years. Around 75 percent of the region’s EV market is made up of Chinese vehicles. The sales of China’s Wuling Air EV increased by 65.2 percent in 2023, becoming the second most purchased EV brand in Indonesia. Last year, China’s BYD remained … Read more
The recent discovery of substantial lithium deposits in Thailand’s southern Phang Nga province has the potential to be a pivotal development, with economic and diplomatic implications for the country. The discovery comes amid a surge of activity from both German and Chinese electric vehicle (EV) manufacturers in the region, reflecting a global race to secure … Read more
China produced almost 60 percent of the world’s electric vehicles (EVs) in 2022. In Central Asia, the market for EVs is small but growing, and Chinese companies are especially dominant. While imports from China accounted for only 3 percent of Europe’s EV sales in 2022, over 90 percent of EVs sold in Uzbekistan that year … Read more
November 14 was a pivotal moment in the annals of Indo-Pacific geopolitics, as leaders from 14 nations came together to endorse the Indo-Pacific Economic Framework (IPEF)’s Supply Chain Agreement. This U.S. initiative is the bedrock of an ambitious initiative that seeks to transcend the traditional boundaries of trade and supply chain resilience to embrace clean … Read more
Indonesia is set to “advance mutually beneficial cooperation” with Australia in developing electric vehicle (EV) and battery supply chains. The collaboration will involve mapping the supply chains, joint scientific and research studies, as well as fostering new business-to-business links between the two countries. Both countries plan to capitalize on their respective nickel and lithium resources … Read more
Indonesia has been ramping up its electric vehicle industry through a series of investments, but there is a lingering question over whether this will be enough. Growth in the EV market has so far been bumpy yet exciting, helped by steady investment from the ASEAN region since 2019. It is expected to have a market … Read more
Vietnamese electric vehicle maker VinFast has been making waves with its aggressive plan to enter the highly competitive global EV market. Its listing on the Nasdaq earlier this year took the stock on a wild ride, and VinFast is currently building a $4 billion factory in North Carolina which will give it a production base … Read more