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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

Chinese car makers can undercut rivals in Europe because their production costs are heavily subsidised. Tax exemption for EV purchases and non-financial support remain in place, after an extension, as the automotive industry is seen as one of the key drivers of economic growth. China exported over 1.2

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Costa Rica Cars Brazil Thailand 52
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