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Southeast Asia market will become a competitive place for Chinese and Japanese car companies

Setec Powerr

Europe, the birthplace of the automobile industry, to North America across the Pacific Ocean, has always been the top stage that Chinese car companies hope to step on. Figures released by the ASEAN Automotive Federation (AAF) show that total vehicle sales in Southeast Asia will be about 2.79 What is the mystery behind it?.

Asia 97
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Asian EV Manufacturers You Should Know

Clean Fleet Report

Most people are aware of key players like Hyundai and Nissan, but there are so many other EV manufacturers that are taking over Asia—and possibly set to conquer the international market, including the U.S. Below are just some of the EV manufacturers worth knowing about. The VinFast VF 8–now on sale in the U.S.

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TTTech Auto expands in China with MotionWise software platform for automated driving

Green Car Congress

The new TTTech Auto branch in Shanghai will bring its expertise and the series proven safe vehicle software platform, MotionWise , to car manufacturers, Tier 1 suppliers and partners to the rapidly developing Chinese automotive market. Asia is one of the most important growth regions.

China 368
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Auto supplier Forvia posts organic sales growth for Q1 on strong N.America – ET Auto

Baua Electric

billion euros worth of new orders in the quarter, more than half of which came from Asia on the back of new deals with Chinese automakers. Forvia, which supplies parts to Stellantis, Volkswagen and Ford, and is also active in China, is affected by falling auto demand and competition from Chinese manufacturers.

Auto 52
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Chinese language automakers to take hold of majority percentage of home gross sales for first week, forecast says

Baua Electric

AlixPartners forecast China’s total auto gross sales would develop 3 p.c million automobiles, convalescing to the extent of gross sales prior to COVID-19. Dyer forecast annual gross sales of Chinese language-branded automobiles in in a foreign country markets would develop to 9 million automobiles through 2030.

Chinese 52
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BNEF projects impact of COVID-19 on renewables, energy storage, EVs, etc.

Green Car Congress

Early data from the main markets in Asia shows a drop in vehicle sales of 44% for China and 18% for Korea, two of the hardest hit countries. Chinese factories are restarting, so the pressure on supply of key components and equipment is likely to ease. Chart: BloombergNEF.

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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

Green Car Congress

Low-speed electric vehicle sales there appear to have slowed in 2018, but manufacturers still sold nearly 1.5 At the current estimated low-speed electric vehicle fleet size, the potential fuel demand displacement could exceed 60,000 barrels per day—2% of current total Chinese gasoline demand.