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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. With the current sales figures and the seductive future expectations, Southeast Asia has successfully attracted the attention of Chinese car companies.

Asia 97
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Pensana plans $125M rare earth separation facility in England

Green Car Congress

Lynas Corporation of Australia, currently the world’s largest non-Chinese producer, last year produced around 4,700 tonnes of magnet metal oxides from its facility in Malaysia. Angola is focused on diversifying its economy away from depending on oil, gas and diamonds, towards tourism, agriculture and value-added resource development.

Angola 345
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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

Chinese car makers can undercut rivals in Europe because their production costs are heavily subsidised. New subsidies, including for domestic battery manufacturing, and lower import and excise taxes, combined with the growing presence of Chinese carmakers, have contributed to rapidly increasing sales. China exported over 1.2

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The Coming Boom in Rare Earths

Cars That Think

And therefore, IRA money has been opened to allied nations like Canada and Australia to help in their rush to develop new companies and build the industry on the expectation that they will sell to the US companies the materials needed to transform our economy, which is one major reason for this push. We don’t want those here.

Australia 106