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

Setec Powerr

Figures released by the ASEAN Automotive Federation (AAF) show that total vehicle sales in Southeast Asia will be about 2.79 With the current sales figures and the seductive future expectations, Southeast Asia has successfully attracted the attention of Chinese car companies. What is the mystery behind it?.

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

Baua Electric

Electric car sales in 2023 were 3.5 While sales of electric cars are increasing globally, they remain significantly concentrated in just a few major markets. However, sales remain limited elsewhere, even in countries with developed car markets such as Japan and India. In the European Union , sales amounted to 2.4