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Analysis

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Chart showing the percentage change in Thailand's consumer confidence from July 2023 to May 2024, with a trend line indicating a decrease over time.
Posted inAnalysis

Thailand’s Declining Consumer Confidence: Impact on Auto Market

Weakening Economic Sentiment and High Household Debt Pose Challenges for Thai Auto Industry In June 2024, Thailand's consumer confidence reached a nine-month low, continuing a downward trend observed over the…..
12 July 2024
Line graph illustrating total vehicle sales in Thailand from 2020 to 2024, showing fluctuations and a recent decline in sales.
Posted inAnalysis

Stricter Auto Loan Criteria Driving Thailand’s Car Sales Decline

Financial Tightening Leads to Double-Digit Sales Decline and Industry-Wide Ripple Effects The automotive market in Thailand is experiencing a significant downturn due to the stricter criteria for auto loans, resulting…..
12 July 2024
Electric vehicle charging station with red car at night
Posted inAnalysis

Thailand’s EV 3.5 Policy: Transforming the Automotive Industry

Ambitious Incentives and Production Targets Aim to Accelerate EV Adoption and Manufacturing Thailand's EV 3.5 Policy: Driving the Future of Electric Vehicles (2024-2027) Timeframe The EV 3.5 policy will be…..
11 July 2024
Electric vehicle charging station in an urban setting at night, with a charging cable and display screen illuminated.
Posted inAnalysis

Are EV Charging Stations in Thailand Ready for the Future?

Infrastructure Challenges and Growth Opportunities in Thailand's Evolving EV Ecosystem It is evident that the landscape of EV charging stations in Thailand is undergoing significant developments. The country has been…..
11 July 2024
Multiple white Honda cars parked in rows at a production facility with the 'HONDA' logo visible on the building.
Posted inAnalysis

Honda’s Plant Closure in Thailand: A Shift Toward EV Dominance

Strategic Shift Reflects Industry-Wide Move Towards Electrification and Efficiency Honda has announced that it will cease vehicle production at its Ayutthaya plant in Thailand by 2025. This decision is part…..
11 July 2024
White OMODA B5 electric SUV showcasing its modern design, distinctive headlights, and alloy wheels.
Posted inAnalysis

Chinese Automakers Expanding to Thailand: Key Players by 2025

Emerging Players and Strategic Investments Reshape Thailand's Automotive Landscape Several Chinese automakers, known for their expertise in electric vehicle (EV) technology, have set their sights on Thailand as a strategic…..
11 July 2024

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