Electric shock -- Chinese EV makers steal a march on rivals in lucrative Thai market

  • 📰 WashTimes
  • ⏱ Reading Time:
  • 46 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 36%
  • Publisher: 63%

B Business Finance News

B China,B Thailand,B Bangkok

In a country that has long billed itself as the 'Detroit of Asia,' Thailand's new generation of Henry Fords are coming from a very different place.

Chinese tourists takes selfies with Thailand’s Prime Minister Srettha Thavisin, right, at Suvarnabhumi International Airport in Samut Prakarn province, Thailand, Monday, Sept. 25, 2023. , which has hosted a thriving carmaking industry for decades and is Southeast Asia’s largest vehicle manufacturer and exporter, could provide an early taste of the global shift in power in a key strategic industry.

Chinese EVs are estimated to claim about 80% of the domestic market here, and the three most popular brands also hail from. Including all makes and models, Chinese carmakers took about 11% of the Thai domestic market overall last year, cutting into the longtime grip held by, which has been slower than many of its rivals to embrace EVs, remained the market leader, but its share of the Thai new auto sales market fell 8 percentage points to 34% in 2023.

EV motorcycles, three-wheel scooters, and public buses may prove more popular within cities where recharging by simply swapping in new charged batteries is easier and faster. Chinese EV companies are also extending their reach by teaming up with local Thai partners, many strategically chosen.’s largest private company and the largest privately held Royal Warrant holder of the Thai Royal Family, to market its MG brand EVs in the country.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 235. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Vivo Electric Standing Desk and Table Top vs. Vari Ergo Electric Standing DeskCraig covers tech, electronics, and automotive topics for Bestcovery. For his full-time job, he is currently the creative director at a marketing agency in Utah. He was born and raised beach-side in Australia and moved to the US in 2016. He’s become a big fan of US portion sizes, Post Malone, and baseball.You can follow Craig here: https://www.
Source: latimes - 🏆 11. / 82 Read more »

Aion Hyper SSR is Chinese electric hypercar with 1208bhpFirst outing in Europe for tri-motor Super Sport Race EV from GAC, which can do 0-62mph in just 1.9sec
Source: autocar - 🏆 93. / 67 Read more »

Chinese Electric Cars Are Clogging European Ports: ReportA logistical nightmare is unfolding at European ports as Chinese-made electric vehicles flood the market, causing a lack of onward transportation. China's overcapacity concerns in the EV industry are increasing.
Source: InsideEVs - 🏆 579. / 51 Read more »

Vulnerable Senate Democrat calls for outright ban on Chinese electric vehiclesSen. Sherrod Brown (D-OH), facing a tough reelection bid, called on President Joe Biden to ban sales of Chinese electric vehicles in the U.S.
Source: dcexaminer - 🏆 6. / 94 Read more »

Volkswagen rethinks EVs in China with bold ID Code conceptElectric SUV previews new range of China-focused electric cars, with window animations and blinking headlights
Source: autocar - 🏆 93. / 67 Read more »