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BYD electric vehicle display at an auto show featuring multiple white EVs on a sleek exhibition floor with modern blue lighting and digital screens

Thailand’s EV Industry Calls for Flexibility Amid Missed Production Targets

Manufacturers urge government to maintain subsidies and reconsider penalties as economic challenges hinder electric vehicle production goals. Thailand's electric vehicle (EV) sector, once poised for rapid growth, is now grappling…..

22 May 2025

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Honda Recalibrates EV Strategy: Cuts Investment to 7 Trillion Yen Amid Market Slowdown

Balancing Short-Term Hybrid Focus with Long-Term Electric Ambitions in a Shifting Automotive Landscape Honda Motor Co. has announced a significant reduction in its electric vehicle (EV) technology investment plan, cutting…..

21 May 2025

Rows of new dark-colored sedans arranged in a vehicle storage lot, representing Vietnam's expanding automotive market in 2025

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Vietnam Emerges as ASEAN’s EV Powerhouse: Market Surges 24% While Regional Sales Decline

Vietnam's Automotive Market Defies Regional Trends with 24% Growth as Hybrid Vehicles Lead the Charge In a remarkable display of economic resilience, Vietnam's automotive sector is defying regional trends, recording…..

20 May 2025

Hyundai IONIQ 6 electric vehicle displayed in a modern minimalist showroom with illuminated IONIQ branding overhead.

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Hyundai Invests $28 Million in Thailand’s EV Battery Assembly Hub

Hyundai Motor Company, through its subsidiary Hyundai Mobility Manufacturing (Thailand) Co., Ltd., has received approval from the Thailand Board of Investment (BOI) for a significant investment in the local assembly…..

8 August 2024

Kia EV9 electric SUV in pearl white color with distinctive angular design, vertical LED headlights, and aerodynamic wheels against a concrete background.

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Kia Plans 250,000-Unit EV Production Facility in Thailand

Overview Kia Corporation, South Korea's second-largest automaker and a subsidiary of Hyundai Motor Group, is eyeing Thailand for its next major production facility. This move aligns with Kia's broader strategy…..

27 July 2024

VinFast groundbreaking ceremony in Subang, Indonesia with executives and officials performing ceremonial soil turning with silver shovels under blue and white tent

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VinFast Invests $200M in Indonesia for New EV Assembly Plant

Breaking Ground in Southeast Asia: VinFast's Strategic Move into Indonesia's EV Market Vietnamese electric vehicle (EV) manufacturer VinFast has officially begun construction on its new assembly plant in Subang, West…..

17 July 2024