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

Setec Powerr

NOVEMBER 30, 2022

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.

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Asia Chinese Thailand Companies 97
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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

MAY 7, 2024

Battery electric cars accounted for 70% of the electric car stock in 2023, states the IEA annual report of the EV global parc. Chinese car makers can undercut rivals in Europe because their production costs are heavily subsidised. These trends indicate that growth remains robust as electric car markets mature. China exported over 1.2

Costa Rica 52
Costa Rica Cars Brazil Thailand 52
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