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Honda to build new automobile production plant in Thailand; total capacity to increase to 420,000 units in 2015

Green Car Congress

Honda Automobile (Thailand) Co., HATC), Honda’s automobile production and sales subsidiary in Thailand, plans to build a new automobile production plant with an annual production capacity of 120,000 units. Combined with the capacity of the new plant, HATC’s total annual production capacity will be increased to 420,000 units in 2015.

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Toyota to expand diesel engine production capacity in Thailand

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Toyota Motor Corporation’s (TMC) engine production subsidiary in Thailand, Siam Toyota Manufacturing Co., STM), will from 2015, expand the production capacity of diesel engines used in Innovative International Multi-purpose Vehicle Project (IMV) series vehicles to meet increasing demand in emerging markets.

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Thailand’s EV industry growing rapidly

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The Thailand Board of Investment announced that Thailand has received more foreign direct investment supporting the country’s growing electric vehicle production ecosystem. The ASEAN member states are Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.

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Mazda more than tripling gasoline and diesel SKYACTIV engine production capacity at powertrain plant in Thailand

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Mazda Motor Corporation will increase the annual production capacity of the engine assembly plant at Mazda Powertrain Manufacturing (Thailand) Co., MPMT) in Chomburi, Thailand, to 100,000 units in the first half of 2018. liter gasoline engines, which are shipped to Auto Alliance (Thailand) Co., The plant produces SKYACTIV-D 1.5-liter

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SUVs became the largest and fastest-growing automotive segment in 2015; up 22% from 2014

Green Car Congress

Global sales of SUVs surged 22% in 2015, supporting an overall increase in global sales of light vehicles of 1.7% in 2014-2015, according to data released by global market research company Euromonitor International. SUVs overtook lower medium cars to become the largest automotive segment in 2015, accounting for 22.9%

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Nissan to expand Thailand-based Nissan Technical Center South East Asia (NTCSEA)

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in Thailand. The details of the expansion include: By 2015, for models marketed in the region, NTCSEA will be responsible for all research and development processes following the vehicle engineering design stage currently handled by the global R&D function in Japan. NTCSEA is the R&D function under Nissan Motor Asia Pacific Co.,

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BYD Chairman forecasts falling profit margins in 2024

Teslarati

BYD plans to launch Tesla Cybertruck competitor in 2024 During the Bangkok Motor Show in Thailand, BYD stole the limelight with an array of electric vehicles (EVs) and new energy vehicle displays. Wang predicted that the intensifying price war in China would result in falling profit margins for BYD.

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