Showing 1 - 10 of 79
VinFast delays Thai dealerships amid global EV sales slowdown
Bloomberg News, Published on 22/08/2024
» HANOI - Vietnamese electric-vehicle (EV) maker VinFast Auto Ltd is postponing the opening of its Thailand dealership network amid a broad slowdown in passenger car sales in Southeast Asia's second-largest economy.
Asia's worst stock loser erases Thai founder from billionaire status
Bloomberg News, Published on 10/07/2024
» Somphote Ahunai, whose net worth topped US$4.8 billion two years ago, is no longer a billionaire after a series of unwieldy efforts to diversify one of Thailand's biggest renewable-power producers into a Tesla-like transport specialist.
Carmakers flag difficult year on costs, muted EV demand
Bloomberg News, Published on 09/05/2024
» PORTLAND - Automakers across Europe and Asia are warning of a challenging year as rising costs and waning demand for electric vehicles (EVs) weigh on profits.
Chinese EVs bet they can dethrone Japan brands in Thailand
Bloomberg News, Published on 09/04/2024
» TOKYO - Standing in front of a large crowd at last month’s Bangkok International Motor Show, an executive from Hozon New Energy Automobile Co promised to double sales in Thailand to 30,000 electric vehicles (EVs) this year.
Govt eyes $15bn investment after PM's global pitch
Bloomberg News, Published on 27/03/2024
» The government said it expects to garner at least US$15 billion (546 billion baht) in foreign direct investment in the next three years as Prime Minister Srettha Thavisin's trips around the world to woo electric vehicle (EV) makers and technology companies start to yield results.
Tesla sold only one car in Korea in January
Bloomberg News, Published on 07/02/2024
» SEOUL - Tesla Inc sold just one electric vehicle (EV) in South Korea in January as a raft of headwinds, from safety concerns to price and a lack of charging infrastructure, weigh on demand.
Chinese billionaire’s carmaker adds satellites in Musk territory
Bloomberg News, Published on 03/02/2024
» HONG KONG - A Chinese rocket launched a group of communications satellites produced by one of the country's largest carmakers, boosting the nation's efforts to catch up in low-Earth orbit — an area dominated by Elon Musk's SpaceX.
Teslas now over 40% cheaper in China than US
Bloomberg News, Published on 06/01/2023
» SHANGHAI: Tesla Inc made another round of price cuts on its Model 3 and Y electric vehicles (EVs) in China on Friday, while also introducing its higher-end Model S sedan and Model X to get a better hold on the premium end of the world’s biggest EV market.
Toyota ends production in Russia, seeing no path to restart
Bloomberg News, Published on 24/09/2022
» Toyota Motor Corp has decided to cease vehicle production permanently at its lone car plant in Russia, a rare move for a company that is still manufacturing at sites in Japan dating back to its founding in the 1930s.
Xiaomi’s $10bn car project facing regulatory barrier
Bloomberg News, Published on 29/07/2022
» Xiaomi Corp is facing difficulties getting regulatory approval for its electric vehicle (EV) project in China, an unexpected hurdle for the smartphone giant’s US$10 billion carmaking endeavour.