Showing 1 - 10 of 30
Oil prices remain under pressure after the OPEC policy change to increase oil production
Published on 18/06/2024
» ICE Brent crude oil prices have been hovering around $80 to $90 per barrel since early February, supported by OPEC+ crude oil production cuts and conflicts in the Middle East. However, at the beginning of June, prices fell back below $80 per barrel after an OPEC+ policy change. On June 2nd, the OPEC+ group decided to increase oil production by a total of 2.2 million barrels per day (0.18 million barrels per day per month from October to December 2024 and 0.213 million barrels per day per month from January – September 2025) which is the main supply pressure on prices. PTT Trading’s international market analysis team predicts that ICE Brent crude prices will range between $75 and $85 per barrel in Q3 2024.
EV startup files for bankruptcy
Published on 18/06/2024
» BENGALURU - American electric vehicle (EV) maker Fisker filed for bankruptcy protection late on Monday as deal talks with a big automaker collapsed, exposing the startup to the fallout of a rapid cash burn to deliver its 'Ocean' SUVs in the United States and Europe.
Perks to cover battery refurbishment
Published on 18/06/2024
» Thailand continues to fuel the growth of its electric vehicle supply chain, with the latest investment incentives focusing on the repair and refurbishment of used EV batteries, says the Board of Investment (BoI).
FTI urges auto parts producers to diversify
Lamonphet Apisitniran, Published on 18/06/2024
» Local auto parts manufacturers are being urged to adapt to the technological disruption caused by electric vehicles (EVs) and transition to the production of medical devices, which are expected to have a promising business future, says the Federation of Thai Industries (FTI).
Addressing the skills gap
Published on 17/06/2024
» Recent decisions by two Japanese automakers to close their plants in Thailand affect the country's standing as a leading global car producer, once dubbed the "Detroit of Asia".
Association sees uptick in used car market
Business, Lamonphet Apisitniran, Published on 14/06/2024
» The used car market is expected to grow in the latter half of this year as financial service providers may ease the lending criteria for prospective buyers, following discussions regarding the stringent loan conditions, says the Association of Used Car.
Proton unveils made-in-Malaysia EV brand
Published on 13/06/2024
» Proton, the Malaysian carmaker backed by the Chinese automaker Geely, has unveiled the country’s first homemade electric vehicle brand.
Chinese EV makers' price wars will sow doubts over quality
South China Morning Post, Published on 13/06/2024
» BEIJING - Price competition among Chinese electric vehicle (EV) makers abroad is not sustainable since consumers will start to doubt the quality and reliability of the cars if they are frequently discounted, according to Bain & Co.
Chinese EVs face new tariffs in Europe
Published on 12/06/2024
» BRUSSELS - The European Union is preparing to apply additional duties of up to 38.1% on imported Chinese electric vehicles starting next month, a move likely to draw possible retaliation from China.
Auto loan rejections hurting industry
Lamonphet Apisitniran, Published on 11/06/2024
» Auto loans from banks are probably 100-200 billion baht lower than expected so far this year because of concerns over non-performing loans, which threatens to affect the entire automotive supply chain, according to the Federation of Thai Industries (FTI).