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Thailand’s EV industry growing rapidly

Green Car Congress

The ASEAN member states are Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. Electric vehicle battery production is growing in Thailand, with manufacturing plants operated by SAIC, Honda, Toyota and a recently announced Mercedes production facility.

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Hyundai Motor targeting 7% of global EV market by 2030; 1.87M BEVs

Green Car Congress

million BEV units, Honda projects EVs will represent 36% of all its sales. Hyundai Motor Global Innovation Center in Singapore (HMGICS), the cornerstone for innovation in the company’s mobility value chain, will build a human-centered manufacturing innovation platform. The previously announced target was 560,000 units by 2025.

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Extinguishing the EV Battery Fire Hype

Cars That Think

In July, a Panamanian-flagged, Japanese-owned ship called the Fremantle Highway , which was ferrying 3,800 new cars across the Atlantic Ocean on its way to Singapore, caught fire. The Hanoi fire took place two months after another fire was wrongly blamed on EVs. 498 of the vehicles in its holds were electric cars.

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

Setec Powerr

In addition, other countries in Southeast Asia, besides Thailand, are in the midst of similar changes as the world’s fifth largest economy with a consumer market of 660 million people, Thailand, Vietnam, Singapore, and Indonesia together sold only 13,000 new energy vehicles in the first half of 2022.

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Electric Car Watch #5: BYD's Blade Battery & World leader

Plug In India

BYD is also betting big in the UK, Singapore, Australia, and NZ. They will capture most of the Chinese and European car market and will eat into the market share enjoyed by Japanese and American car makers like Toyota, Honda, and Ford who are scared of EVs. BYD can fill that space. So the numbers will be even higher.

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Canoo Pickup, Kia EV6, Honda and Mini EV Plans: EV Week in Review – Mar 9-15

EV Adoption

And EV straggler Honda shed a bit more light on its upcoming EVs built on GM’s Ultium battery and powertrain platform. Honda of America sales chief Dave Gardner told reporters one of the electric SUVs will be from the Honda brand, while the other will be an Acura. Honda will offer more details later this year, he said.

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