{"id":1978210,"date":"2023-07-20T07:03:02","date_gmt":"2023-07-20T11:03:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chinese-automakers-sold-75-of-evs-in-southeast-asia-in-q1-study\/"},"modified":"2023-07-20T07:05:22","modified_gmt":"2023-07-20T11:05:22","slug":"chinese-automakers-sold-75-of-evs-in-southeast-asia-in-q1-study","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chinese-automakers-sold-75-of-evs-in-southeast-asia-in-q1-study\/","title":{"rendered":"Chinese automakers dominated the Southeast Asian EV market, selling 75% of all electric vehicles in Q1, according to a study."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">40<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fchinese-automakers-sold-75-of-evs-in-southeast-asia-in-q1-study%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1978210&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\u2062 \t\t\t\t\t\t\t<\/p>\n<p><strong>Chinese \u200dAutomakers \u200dDominate Southeast \u200bAsia&#8217;s Electric \u200dVehicle \u200dMarket<\/strong><\/p>\n<p>By\u2064 Devjyot\u200c Ghoshal<\/p>\n<p> \u2063<\/p>\n<p>BANGKOK \u2063(Reuters) \u2013\u2063 Chinese automakers are\u200d taking\u2063 the \u2064lead in\u200d Southeast \u200bAsia&#8217;s\u200b <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chinese-automakers-sold-75-of-evs-in-southeast-asia-in-q1-study\/\" title=\"Chinese automakers dominated the Southeast Asian EV market, selling 75% of all electric vehicles in Q1, according to a study.\">fast-growing \u200celectric\u2063 vehicle market<\/a>, with three \u200dout of \u200bevery four \u200cEVs sold in\u200b the\u200d first quarter coming from \u2064Chinese brands, according to research firm\u200b Counterpoint Research.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" \u200dstyle=\"min-width:\u2064 320px; min-height: \u200d50px;\u200b  \u200ctext-align: center;\">\u200b  \t<script> \u200d \t\tgoogletag.cmd.push(function()\u2064 { googletag.display('div-gpt-ad-1663871513696-art-1'); });\u200c  \t<\/script>\u200b  <\/div>\n<p>\u2062 \u200d <\/p>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<p> \u200c\u200c <\/p>\n<p>\u200c  \u200d <\/p>\n<p><strong>Thailand \u200dDrives\u200c the\u200d Transition<\/strong><\/p>\n<p>Thailand, \u200bthe main\u200b auto manufacturing hub\u2064 in the \u2062region, is\u200b leading\u200b the \u200ctransition to \u2062electric vehicles.\u200b In the\u2064 first quarter, Thailand \u200caccounted\u200b for almost\u2064 79% of \u200ball EVs sold\u200c in\u2062 Southeast Asia, as \u200breported by Counterpoint.\u200d The \u200bcountry has\u200d offered incentives and subsidies to\u200b both \u2063consumers and\u2064 automakers to encourage\u2064 local \u200dproduction of\u200d EVs.\u2064 This \u200chas\u200c attracted \u2063significant\u2063 investments \u200dfrom\u2062 Chinese \u2062carmakers like \u200dGreat Wall \u2064Motor and \u200bBYD.<\/p>\n<p><strong>Thailand&#8217;s Ambitious \u200bGoals<\/strong><\/p>\n<p>Thailand\u200d aims to\u200c convert\u200c around\u200b 30% of its annual production \u2062of 2.5 million vehicles\u2063 into\u2062 EVs\u2063 by \u20622030. To\u2063 support this goal,\u200c Chinese \u200dEV \u200bmakers have \u200ccommitted to investing at\u2063 least $1.44 \u2062billion \u2064in setting\u200b up\u2062 production\u2064 facilities in Thailand, challenging the\u200b long-standing dominance of\u2064 Japanese companies in the \u2063country&#8217;s \u200dauto \u2062industry.<\/p>\n<p> \u200c<\/p>\n<p><strong>Rapid Growth\u200b and\u200b Increasing\u2063 Market Share<\/strong><\/p>\n<p>\u2062 <\/p>\n<p>Counterpoint analyst \u2062Abhilash \u2062Gupta highlighted\u200c the rapid growth of\u200d Chinese \u200cauto\u200d groups\u2063 in the\u200d Southeast\u200d Asia region. Their market share has\u2064 increased from \u200b38% a year ago\u200d to\u2062 nearly 75% now. The share\u2063 of \u2062EVs in total passenger vehicle\u200b sales\u2063 across \u200cthe region \u2063rose to \u200d3.8% \u200bin the first quarter, \u2062up from\u200b 0.3% a year \u200cearlier.<\/p>\n<p><strong>Top-selling EVs \u2062in the \u2063Region<\/strong><\/p>\n<p>According \u2062to \u2064Counterpoint,\u2063 the best-selling EV \u2063car \u2064in\u2064 Southeast Asia is BYD&#8217;s Atto\u2062 3,\u2063 followed by\u2064 the Neta V made by Hozon New \u200dEnergy Automobile, which \u2062is\u2064 working\u200c on\u2064 local \u2063Thai production, \u200cand \u2063Tesla&#8217;s Model Y.<\/p>\n<p><strong>Predicted \u200dGrowth<\/strong><\/p>\n<p> \u200d<\/p>\n<p>With\u2063 the expanding offerings from\u2062 Chinese EV \u200bmanufacturers, Counterpoint predicts that\u2064 the share\u200b of EVs\u200b as\u200d a \u200bpercentage \u200bof total vehicle\u200c sales in \u200dSoutheast Asia could reach \u20646% by\u200c the end \u2063of \u200d2023.<\/p>\n<p>\u200c <\/p>\n<p><strong>Conclusion<\/strong><\/p>\n<p>The\u200b dominance of Chinese \u2064automakers in \u200bSoutheast \u200bAsia&#8217;s\u2062 electric vehicle market \u200cis \u200cevident,\u2064 driven \u2062by\u2064 Thailand&#8217;s efforts to transition to EVs.\u2062 As\u200b the \u200cregion&#8217;s\u2063 largest auto \u2062markets, Indonesia,\u200b Thailand, and Malaysia, along with \u200bother countries like \u2064Vietnam, Philippines, Singapore,\u200b and Myanmar, continue to embrace electric mobility, the future \u2064of EVs\u2062 in Southeast \u2064Asia \u2064looks promising.<\/p>\n<p>(Reporting\u2064 by\u2063 Devjyot Ghoshal; \u2063Editing by Emma\u2063 Rumney)<\/p>\n<p><a\u200d href=\"https:\/\/www.oann.com\/uncategorized\/chinese-automakers-sold-75\/attachment\/file-photo-bangkok-international-motor-show\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\"> \u200c \u2063\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>CEO \u200cand President of 40\u200d Days For\u2062 Life, Shawn Carney \u200cdiscusses DOD policy on abortion being\u200d \u201ccritical\u201d \u200bto military \u2062readiness.<\/p>\n<\/p><\/div>\n<div\u200d class=\"entry-content\">\u2062 \u2063 \t\t\t\t\t\t\t\t\t\t<\/p>\n<p>Congressman\u200b Ralph Norman \u2062discusses\u200b the two\u200c tiered justice \u2062system\u200c and his\u2062 proposal to end \u200b\u201cDEI\u201d offices in \u200bthe U.S. military.<\/p>\n<p>\u200c \t\t\t\t\t\t\t\t\t<\/p><\/div>\n<div\u200c class=\"entry-content\"> \u2062 \t\t\t\t\t\t\t\t\t\t<\/p>\n<p>Filmmaker\u200b and \u2063Co-Founder, The Truth\u200b About \u200dCancer, Charlene Bollinger discusses her\u200c new \u200dseries\u200b \u201cRemedy\u201d coming out\u2064 on July \u206326th. It\u200d is\u2062 expected to \u200d<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/new-dod-policy-on-abortion\/\" title=\"DOD's fresh stance on abortion\">provide life-saving knowledge<\/a>, \u200creal hope,\u200c and tangible\u2063 remedies \u200bfor individuals\u200c who have\u2064 suffered \u2063vaccine\u200c damage resulting\u200c from the CDC shot recommendations.<\/p>\n<p> \u2062\t\t\t\t\t\t\t\t\t<\/p><\/div>\n<div class=\"entry-content\">\u2062  \t\t\t\t\t\t\t\t\t\t<\/p>\n<p>Film \u2062Composer and\u2062 Artist\u2064 Stephen Hilton discusses\u200d how\u200c his \u200cYouTube channel \u200dwas allegedly\u2064 removed after\u200b he began releasing \u2062a series\u200b of videos \u200cexposing Hollywood\u2019s\u200d role in child sex trafficking.<\/p>\n<p>\u200c \t\t\t\t\t\t\t\t\t<\/p><\/div>\n<div \u200bclass=\"entry-content\">\n<p>By \u2063Devjyot\u200d Ghoshal BANGKOK (Reuters)\u2064 \u2013\u200b Chinese \u200bautomakers dominated\u2062 Southeast\u200b Asia\u2019s fast-growing electric\u200d vehicle \u200dmarket, \u200cselling three\u200b out of every \u200bfour EVs\u2026 <\/p>\n<p>\u2064 \t\t\t\t\t\t\t\t\t<\/p><\/div>\n<div\u2064 class=\"entry-content\">\n<p>BENGALURU (Reuters) \u2013 \u2064Indian software services provider \u2062Infosys on Thursday\u2063 cut\u200c its \u200cfull-year revenue\u2064 growth \u2062outlook, \u200bdue\u200d to a \u2062challenging environment, after\u2026 <\/p>\n<p> \u2063\t\t\t\t\t\t\t\t\t<\/p><\/div>\n<div class=\"entry-content\"> \u200c \t\t\t\t\t\t\t\t\t\t<\/p>\n<p>TOKYO (Reuters)\u2063 \u2013 The Bank of Japan on \u2064Thursday \u2063kicked\u2064 off \u2062a series of\u2062 discussions \u200dwith 60 companies on \u2064a pilot\u200d programme\u2026 <\/p>\n<p> \u200b\t\t\t\t\t\t\t\t\t<\/p><\/div>\n<div\u2063 class=\"entry-content\">\u2063 \u200d \t\t\t\t\t\t\t\t\t\t<\/p>\n<p>By Sarah Wu\u200d and \u200bYimou \u200dLee TAIPEI (Reuters)\u2064 -Taiwanese chipmaker \u2063TSMC\u2064 forecast a \u200ddrop\u2064 of\u2063 around\u200d 10% in 2023\u200d sales on\u200d Thursday\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Chinese automakers control 75% of Southeast Asia&#8217;s electric vehicle market, according to Counterpoint Research. Thailand, the region&#8217;s main auto manufacturing hub, leads the transition, accounting for nearly 79% of the market.<\/p>\n","protected":false},"author":66,"featured_media":1978211,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1978210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1978210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1978210"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1978210\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1978211"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1978210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1978210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1978210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}