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Auto loan segment volatile

Somruedi Banchongduang, Published on 20/01/2024

» Thailand's uneven economic recovery has affected some auto loan borrowers and increased default risk.

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Musk wants 25% voting control at Tesla before fulfilling AI goal

Reuters, Published on 16/01/2024

» BENGALURU and SAN FRANCISCO - Tesla CEO Elon Musk said on Monday he would be uncomfortable growing the automaker to be a leader in artificial intelligence (AI) and robotics without having at least 25% voting control of the company, nearly double his current stake.

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EV makers call for equal treatment in Thailand

Published on 17/01/2024

» Car manufacturers from Europe, the US and South Korea want the Thai government to ensure its electric vehicle promotion policy is mutually beneficial to all EV makers, following concerns that rivals from China and Japan have gained the upper hand.

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With new plant, Great Wall Motor targets electric vehicle growth

Business, Lamonphet Apisitniran, Published on 13/01/2024

» Chinese automaker Great Wall Motor (GWM) aims to grow its electric vehicle business in Asean after developing an EV production base in Thailand, which is scheduled to start selling locally-made EVs this month.

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Institute expects test track to help fuel growth of EV industry

Business, Lamonphet Apisitniran, Published on 12/01/2024

» The Thailand Automotive Insitute (TAI) expects to further fuel the growth of Thailand's electric vehicle industry by providing EV manufactures with a test track, which will become a new source of revenue for the country.

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Goodyear takes up EV tyre challenge

Published on 09/01/2024

» LAS VEGAS - The US tyre producer Goodyear is developing a product for electric vehicles that it says will help improve something that has hampered their competitiveness against petrol-powered vehicles: tyre life.

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Car output poised to reach 2m vehicles

Lamonphet Apisitniran, Published on 10/01/2024

» Thailand's car manufacturing is likely to reach 2 million vehicles, including electric vehicles (EVs), in 2024 despite economic challenges both domestic and external, says the Federation of Thai Industries (FTI).

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EV seizures set to increase

Lamonphet Apisitniran, Published on 09/01/2024

» Concerns over non-performing loans (NPLs) in the automotive industry have expanded to the electric vehicle (EV) segment as some buyers may not be able to pay instalments for their EV, amid a rapid sales increase.

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Ministry seeks lithium in Phangnga

Business, Lamonphet Apisitniran, Published on 04/01/2024

» The Industry Ministry is interested in further exploration of lithium in Phangnga's Takua Thung district to serve the growing electric vehicle industry after an initial survey found some areas are likely to have this element, which can be used to make lithium-ion batteries for EVs.

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Chinese EV maker BYD poised to dethrone Tesla

Published on 02/01/2024

» The Chinese automaker BYD sold 526,409 fully electric vehicles in the fourth quarter, meaning Tesla will need a record showing to maintain its global market leadership when it releases sales figures later on Tuesday.