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Search Result for “growth market”

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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.

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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.

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Tourism uptick expected to lift motorcycle sales

Lamonphet Apisitniran, Published on 02/09/2024

» A more active tourism sector later this year is expected to lift the domestic motorcycle market, which struggled with sluggish sales during the first seven months of 2024, says the Federation of Thai Industries (FTI).

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Mercedes-Benz rolls out new electric models in Thailand

Business, Published on 27/08/2024

» Two newly launched Mercedes-Benz electric car models are making their way to Thai owners, overcoming challenges in the Thai automotive industry. The German luxury automaker remains confident in its growth within the domestic market, despite experiencing a downturn, attributing this optimism to customer trust in its electric mobility technology and design.

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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.

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Prospects for Tesla plant in Thailand dim 

Mongkol Bangprapa, Published on 13/08/2024

» The government is waiting for word from Tesla as to whether it will scrap its plan to invest in Thailand, according to government spokesman Chai Wacharonke.

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MG leads investment push for hybrid EVs

Business, Lamonphet Apisitniran, Published on 13/08/2024

» The hybrid electric vehicle (HEV) market in Thailand is expected to intensify as automakers announce investment plans, with Chinese-Thai joint venture SAIC Motor-CP and MG Sales (Thailand) unveiling plans to produce HEVs under the MG brand in Chon Buri by 2025.

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MOTORING

Hyundai Mobility to churn out BEVs, batteries by 2026

Post Reporters, Published on 09/08/2024

» South Korea-based Hyundai Mobility Manufacturing (Thailand) plans to make battery electric vehicles (BEVs) and batteries in Thailand by 2026 after its 1-billion-baht project was approved by the Board of Investment (BOI).

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Nissan plans to focus Thai production on hybrid cars

Business, Lamonphet Apisitniran, Published on 06/08/2024

» Japanese automaker Nissan Motor Thailand will focus more on manufacturing hybrid electric vehicles (HEV) in Thailand, following the Board of Investment's (BoI) launch of an investment incentive package to promote HEV manufacturing.

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Ford requests help for combustion engine segment

Business, Lamonphet Apisitniran, Published on 02/08/2024

» Ford Thailand is requesting the government step up efforts to help companies in the internal combustion engine (ICE) car segment, particularly motorcycle manufacturers, as they are not able to quickly adjust to the changes caused by the fast-growing electric vehicle (EV) market.