Remove Building Remove Cheap Remove Future Remove Thailand
article thumbnail

Saudis Expand Price War Downstream

Green Car Congress

The crude is so cheap it’s pretty much free for them, the margins are going to be massive. Given current market conditions, the Asian demand for diesel has reduced mainly due to the weakening Chinese market, while demand for gasoline is increasing in India, Pakistan, Thailand, the Philippines and Vietnam. Source: [link].

article thumbnail

Toyota electric ute could be less than 12 months away from Australia, but will fast-tracked HiLux and Ranger-sized dual-cab finally silence diesel-loving doubters?

EV Central

Where it is possible and where there is a product suitable for the Australian market that can help us on our carbon neutral future then I can tell you we will be lobbying to get it here. “At A year later Toyoda hosted the unveil of the HiLux-based Revo EV in Thailand.

article thumbnail

China’s EV brands are coming to bury US automakers—or are they? – Charged EVs

Baua Electric

Chinese OEMs are now producing good-quality vehicles, and thanks to cheap labor, government subsidies and economies of scale, they’re able to offer these at prices no Western automaker can hope to match. It’s building factories in Brazil, Thailand, Hungary and Uzbekistan, and will soon break ground on a plant in Mexico.