Automundo China

One of the biggest appeals of these brands is their perceived value for money. Consumers who once felt locked out of the EV market are being enticed by new, more affordable offers.

BANGKOK (AFP) – China’s electric vehicle giant BYD opened a factory in Thailand on Thursday, continuing its international expansion despite a market slowdown and hours before the European Union was due to impose swingeing tariffs on Chinese EV firms. The plant in Rayong, an industrial area southeast of Bangkok, will be able to build up […]

New car sales rise 5% year-on-year in June

Elon Musk has responded to a young Chinese girl’s request who demonstrated a small glitch on the touch screen of Tesla car

A Thai BYD car owner shared a clip of him scribbling words on his own car after the company slashed prices shortly after his purchase.

Electric Vehicle automakers are witnessing turbulent times as price wars cripple profits. To offset losses, companies are looking to expand to regional markets of Southeast Asia. BYD becomes the latest EV company to open an EV factory in Thailand, marking its first expansion in Southeast Asia. Earlier, South Korea's Hyundai Motor Group and LG Energy Solution inaugurated Indonesia's first battery cell plant for EVs with an annual capacity of 10 Gigawatt hours (GWh) of battery cells.

The overall new car market during the first six months of 2024 was up by around 5% compared with the same period last year.