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PSP banks on EV industry expansion for growth

Business, Yuthana Praiwan, Published on 30/05/2024

» PSP Specialties Plc, Thailand's largest lubricant producer by capacity, is benefiting from the growth of the electric vehicle (EV) industry by selling lubricants and lubricant-related products suitable for battery-powered cars.

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MOTORING

2024 car output target could be trimmed

Lamonphet Apisitniran, Published on 24/05/2024

» The country's car manufacturing target for 2024 may be downgraded as production continues to dip, with a sluggish economy affecting car sales, according to the Federation of Thai Industries (FTI).

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MOTORING

Lamborghini preps electric 'super car'

Business, Lamonphet Apisitniran, Published on 17/05/2024

» Automobili Lamborghini, an Italian manufacturer of luxury sports cars, plans to bring its new electric "super car" to Thailand, debuting it globally in 2028 as part of efforts to cut carbon dioxide emissions.

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MOTORING

China offers subsidies for car trade-ins

Published on 26/04/2024

» BEIJING - China will give a one-time subsidy of up to 10,000 yuan (US$1,380 or 50,000 baht) to consumers who trade in old cars and buy newer models in a move to stimulate the auto industry and the economy.

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MOTORING

Toyota pilots EV pickups in Pattaya

Reuters, Published on 25/04/2024

» PATTAYA - Toyota has launched a public transport pilot project in this beach resort city with nine fully electric Hilux Revo pickup trucks.

MOTORING

Electric car sales to rise but affordability in focus, IEA says

Reuters, Published on 23/04/2024

» LONDON - Electric car sales will rise strongly in 2024 despite economic headwinds in some markets, the International Energy Agency (IEA) forecast on Tuesday, but affordability and charging infrastructure will be key to future growth.

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MOTORING

China's Chery Automobile to set up Thai assembly plant

Reuters, Published on 22/04/2024

» China's Chery Automobile will set up a plant in Thailand that will make vehicles for both the domestic and export markets, with production slated to begin in 2025, the Board of Investment (BoI) said on Monday.

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MOTORING

EV sales expected to miss target

Business, Lamonphet Apisitniran, Published on 18/04/2024

» Electric vehicle sales in Thailand are expected to miss the estimate of 130,000 units this year as prices are likely to keep changing, attributed to a price war among Chinese EV makers, says Hyundai Mobility Thailand, a subsidiary of the Korean automaker.

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MOTORING

Big EV battery cell plant likely in two years

Post Reporters, Published on 17/04/2024

» The Board of Investment (BoI) expects foreign investors to set up a big plant in Thailand to produce battery cells for electric vehicles (EVs) within two years, following its roadshow in China last week.

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MOTORING

Rever Leasing aims to lead EV loan market

Somruedi Banchongduang, Published on 17/04/2024

» Rever Leasing, an auto loan unit under Rever Automotive Co, the sole distributor of BYD electric vehicles (EVs), is poised to commence operations next month, setting a lofty goal to emerge as the premier provider of EV loans in Thailand in a few years.