Chinese electric vehicle manufacturers, including BYD, Hozon Auto, and Great Wall Motor, have made significant progress in penetrating Thailand’s car market. Together, they currently hold an 8% market share and are leading the way in the electric vehicle segment.
- The demand for electric vehicles (EVs) in Thailand is rapidly increasing, with Chinese-owned brands holding close to 80% of the EV market, compared to less than 1% for Japanese brands.
- Chinese EV makers like BYD and Hozon Auto are gaining significant market share in Thailand, challenging the dominance of established Japanese automakers like Toyota and Honda.
- Thailand’s government subsidies and the entry of Chinese EV brands into the country’s auto manufacturing sector are driving the surge in EV sales and production, with EV registrations expected to surpass 150,000 this year.
Government subsidies and increasing EV demand…
