Showing 1 - 10 of 34
Thailand's EV makers seek to renegotiate govt incentives as sales slow
Reuters, Published on 11/09/2024
» As sales of electric vehicles (EVs) miss expectations in Southeast Asia's largest market, Thailand's main group of manufacturers, comprising large Chinese and Japanese firms, seeks to extend production deadlines set in a government scheme of incentives.
Volvo Trucks to launch electric truck with 600 km range
Reuters, Published on 03/09/2024
» GOTHENBURG - Sweden's Volvo will launch a long-range variant of its FH Electric truck, capable of covering up to 600 kilometres (373 miles) on a single charge, its truckmaking arm said on Tuesday.
Incentives for auto parts joint ventures approved
Reuters, Published on 08/08/2024
» Thailand has approved incentives for joint ventures (JV) between Thai and foreign companies to manufacture automotive parts for vehicles using all types of propulsion systems, its Board of Investment (BOI) said on Thursday.
Hyundai to invest $28m in Thailand for EV assembly, batteries
Reuters, Published on 07/08/2024
» South Korean auto maker Hyundai Motor Company will invest 1 billion baht (US$28 million) to set up a facility to assemble electric vehicles (EVs) and batteries in Thailand, the country's Board of Investment (BOI) said on Wednesday.
Toyota retains No. 1 spot in 1st half global sales for 5th year
Reuters, Published on 30/07/2024
» TOKYO - Toyota Motor Corp said Tuesday that its group sold 5.16 million vehicles worldwide in the first half of 2024, outselling German rival Volkswagen AG to retain the top spot in global sales for the fifth straight year.
Thailand to offer investment incentives for makers of hybrid vehicles
Reuters, Published on 26/07/2024
» Regional auto making hub Thailand will introduce investment incentives for manufacturers of hybrid vehicles, its Board of Investment (BOI) said on Friday, with excise taxes for hybrids to be lowered from 2028 to 2032.
Car production drops sharply, local sales fall
Reuters, Published on 25/07/2024
» Car production in Thailand fell 20.11% in June from a year earlier due to tighter financing rules and high consumer debt, and full-year production is now expected to be lower than in 2023, the Federation of Thai Industries (FTI) said on Thursday.
Thai investigation into BYD EV discounts moves ahead despite cash-back offer
Reuters, Published on 19/07/2024
» A Thai investigation into discounts from China's BYD (Build Your Dreams) will continue despite a cash-back programme from its distributor in response to a backlash from consumers who felt they overpaid for their electric vehicles (EVs), a senior official said on Friday.
Chinese EV maker GAC AION opens factory in Thailand
Reuters, Published on 17/07/2024
» BANGKOK - China's electric vehicle (EV) maker GAC Aion, a subsidiary of GAC Group, on Wednesday opened its first factory in Thailand, a key regional auto export and assembly hub and fast-growing EV market.
China's BYD opens EV factory in Thailand, first in Southeast Asia
Reuters, Published on 04/07/2024
» RAYONG - China's BYD (Build Your Dreams) opened an electric vehicle (EV) plant in Thailand on Thursday, the auto maker's first factory in Southeast Asia, a fast-growing regional EV market where it has become the dominant player.