China’s rapidly evolving electric vehicle (EV) market is plagued by intense price competition amid rising overcapacity. Seeking new markets to diversify from vulnerable domestic positions, Chinese brands are increasingly venturing into international markets, and Southeast Asia has emerged as a particularly promising destination. The expansion of Chinese EV companies into Southeast Asia signifies a strategic … 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
Magazine Across Southeast Asia, countries do not want to simply be a market for EVs. They want to make them. A Chinese made BYD electric car, part of the first fleet of electric taxies will be in service in Thailand from Sept. 9, 2018 is parked at a park during a preview in Bangkok, Thailand, … Read more
Advertisement When work on a $4 billion manufacturing plant for Vietnamese automaker VinFast began in North Carolina in July 2023, Ted Osius, the head of the U.S.-ASEAN Business Council, expressed a hope shared by many companies and governments in the Southeast Asian electric vehicle (EV) space: that they would be eligible for tax credits under … Read more