electric vehicle

  • Thailand News

    BYD opens first EV plant in Thailand, producing eight millionth car

    BYD inaugurated its first electric vehicle (EV) manufacturing plant outside China in Rayong, Thailand, marking a significant milestone with the production of its eight millionth new energy vehicle. The new facility, located on a 600-rai (approximately 948,000 square metres) plot within the WHA Industrial Estate in Rayong, was officially opened yesterday, July 4. This marks BYD’s expansion into the global…

  • Automotive

    Thailand automotive sales in 2024

    Thailand’s car market is all over the place in 2024. After a tough 2023 with a 9% drop in sales and a slow economy, there’s some hope. Toyota, for example, wants to boost sales by 4%, aiming for 277,000 units to keep its big market share. Electric cars (EVs) are the big thing. Even though the first quarter of 2023…

  • Automotive

    Flying cars: A leap from entertainment to necessity

    Welcome to the future, where sci-fi fantasies meet reality. Flying cars, once a figment of imagination, are now a tangible concept. But, are they a necessity or simply a form of high-tech entertainment? In the 70s, daring engineers risked their lives in a bid to make this dream a reality, with catastrophic results. Yet, fast forward to Ridley Scott’s 1982…

  • Pattaya News

    Pattaya’s electric scooter debate sparks charged safety talks

    Electric scooters have become a hot topic in Pattaya, sparking discussions among various agencies and officials about their legality and safety. The legal status of these scooters is not straightforward in Thailand, with regulations varying by region. In cities like Bangkok and Chiang Mai, the rules can differ significantly. The primary concern lies in the absence of firm national rules…

  • Automotive

    Electric car sales to surge by 2024 despite economic challenges

    The International Energy Agency (IEA) predicts a robust growth in the sales of electric cars in 2024, despite economic challenges in certain markets. Key driving factors for this surge include affordability and the development of charging infrastructure. The IEA estimates that electric car sales will reach 17 million this year, a boost from 14 million the previous year. This indicates…

  • Business News

    Revving up: Rever Leasing to drive BYD EV financing in Thailand

    Rever Leasing, a vehicle finance subsidiary of Rever Automotive Co, the exclusive distributor for BYD electric vehicles (EVs) in Thailand, is set to launch operations next month. The firm has set a high target to become the top electric vehicle loan provider in Thailand within the next few years. Isara Wongrung, the CEO of Rever Leasing, expressed confidence in the…

  • Automotive

    Carzuno car subscription service: Why buy when you can subscribe?

    Owning a car in Thailand without the long-term commitments, maintenance, and tedious paperwork… is it even possible? The answer is yes! The car subscription service by Carzuno offers a convenient way to get wheels in Thailand. Gone are the days when your only options were purchasing a vehicle (complete with hefty down payments and the responsibility for upkeep), dealing with…

  • Business News

    Thai EV market shifts into gear with Chinese investment

    Major automobile companies are forecasting a rapid escalation in the Thai electric vehicle (EV) market, propelled by increased investment from Chinese EV manufacturers. This is anticipated to ignite a price war as manufacturers strive to lure consumers with competitive pricing. This viewpoint was shared by Narong Sritalayon, the managing director of Chinese automaker Great Wall Motor (GWM), in a statement…

  • Business News

    Krungsri Auto predicts minimal growth in new auto loans despite EV boom

    Krungsri Auto, Thailand’s leading auto loan provider, predicts a mere 0.4% increase in its new auto loans for 2024, despite the anticipated boom in electric vehicle (EV) sales at the upcoming 45th Bangkok International Motor Show. This forecast was shared by Congsin Congcar, the head of Krungsri Auto Group, after the company issued over 223 billion baht in new auto…

  • Thailand News

    Thailand primes for potential Formula E championship hosting

    Prime Minister Srettha Thavisin announced an impending meeting with executives of Formula E, the globally acclaimed electric-car racing league, in Chiang Mai next week. The meeting intends to explore the potential of the city as a host for the championship. The Thai PM, who also holds the position of finance minister, expressed the executives’ intent to scout a suitable location…

  • Thailand News

    Phang Nga’s lithium deposits eyed for Thailand’s EV ambitions

    Phang Nga’s rich lithium deposits were the focal point of a House Committee on Industry visit yesterday, as the government looks to establish the area as a global lithium source. The move aligns with the government’s strategy to make Thailand an electronic vehicle (EV) manufacturing hub. Akkaradech Wongpitakroj, chairman of the House Committee and United Thai Nations MP for Ratchaburi,…

  • Business News

    Thai EV sales surge by 603% amid government incentives

    Battery electric vehicles (BEVs) sales in Thailand surged by 603% year-on-year to 73,568 units last year, with the upward trend expected to continue throughout this year, as per the Federation of Thai Industries (FTI). This growth is expected to outstrip that of internal combustion engine (ICE) vehicles, which witnessed a 13.7% year-on-year sales decline to 238,570 units in 2023, capturing…

  • Business News

    Kia considers setting up electric vehicle factory in Thailand

    Premium Korean car manufacturer, Kia, is exploring the possibility of setting up an electric vehicle (EV) factory in Thailand, as per an announcement made by Kia Sales (Thailand). The move comes in response to the rapidly expanding EV market in the country. If approved by Kia Corporation, the parent company which falls under the Hyundai Motor Group, Thailand would become…

  • Automotive

    EV charging stations in Thailand

    EV charging stations in Thailand are quickly growing as the country adopts electric vehicles to fight air pollution and lower fossil fuel use. The Thai government supports electric mobility, and the increasing demand for EVs is boosting the expansion of charging stations. This shift offers opportunities for local and international investors and helps consumers choose eco-friendly transportation. In this guide,…

  • Business News

    BMW to establish first SE Asian EV battery factory in Thailand

    BMW Group Thailand revealed plans to establish an electric vehicle (EV) battery factory in the country this year. This move is in response to China’s escalating EV investment and supply chains in Thailand. The factory, to be positioned in Rayong, will bolster the firm’s sales of battery EVs and plug-in hybrid EVs. The company’s president and CEO, Alexander Baraka, revealed…

  • Business News

    Thailand promotes electric trucks and buses with new incentives

    The National Electric Vehicle Policy Committee in Thailand has given the green light for incentives aimed at encouraging companies to switch their commercial fleets of large trucks and buses to battery electric vehicles (BEVs). The committee has also approved cash grants for manufacturers of EV battery cells. The secretary-general of the Board of Investment and secretary of the Electric Vehicle…

  • Business News

    Tesla’s South Korea sales slump amidst safety concerns, subsidy cuts

    Tesla Inc’s sales in South Korea took a hit in January, with the company selling only one electric vehicle (EV) in the entire month. The Austin-based automaker faced a range of challenges, including safety concerns, pricing issues, and inadequate charging infrastructure. Data from the Korean trade ministry and Seoul-based researcher Carisyou revealed that the single sale of a Model Y…

  • Business News

    Thailand’s investment applications surge to five-year high in 2023

    Thailand’s investment promotion applications in 2023 skyrocketed to a five-year high of 848 billion baht, marking a 43% increase from the adjusted figure of the previous year. The surge was powered by significant foreign investments in the five priority sectors identified in the Board of Investment’s (BoI) fresh Investment Promotion Strategy. Contributing to this colossal growth in Thailand’s foreign direct…

  • Business News

    Thailand expects major rise in EV imports under new four-year plan

    The director-general of the Excise Department projected a significant increase in electric vehicle (EV) imports, with an estimated 175,000 units expected to reach Thailand within two years. This comes as part of a four-year plan, EV3.5 (2024-27), which requires importers to establish a production base in the country from 2024-25 onwards, to replace imports with domestically produced EVs. The plan…

  • Business News

    Global car firms urge fair Thai EV promotion amidst competition fears

    European, American, and South Korean automobile manufacturers are urging the Thai government to ensure its electric vehicle (EV) promotion policy benefits all EV makers evenly. This plea arises amidst growing concerns that Chinese and Japanese rivals might be enjoying an unfair advantage. Industry Minister Pimphattra Wichaikul revealed these countries are seeking enhanced support for their EV sales and automotive supply…

  • Automotive

    The 5 best EV cars to buy in Thailand right now

    More and more people in the world are ditching their fossil-fuelled cars and choosing to drive electric cars, also known as electric vehicles (EV), instead. And Thailand is no exception, with a growing market for EV cars in the country. The shift towards EV cars is an essential component of Thailand’s efforts to promote sustainable transportation and reduce greenhouse gas…

  • Business News

    Chongqing Sokon Motor plans entry into Thailand’s EV commercial market

    Chongqing Sokon Motor, a prominent Chinese vehicle manufacturer, has revealed its plans to enter the electric vehicle (EV) commercial market in Thailand. The company will be collaborating with a local firm on this venture. David Luo, the sales director of Chongqing Sokon Motor, expressed confidence in the potential growth of the commercial EV sector in Thailand and ASEAN, predicting an…

  • Thailand News

    Thai man’s test drive goes viral as EV’s AI says ‘I quit’

    An amusing incident involving a young man test-driving an electric vehicle (EV) has gone viral on social media today. While attempting to command the vehicle’s artificial intelligence (AI) to lower the windows, the AI responded with the unexpected phrase, “I quit,” causing a wave of laughter across the online community. The story was shared by a user on Facebook’s EV…

  • Automotive

    Chinese EV’s controlling Thai electric vehicle market

    Chinese automaker BYD has made significant inroads into the Thai electric vehicle (EV) market, with its popular Atto 3 SUVs which is capturing a 31% market share within 12 months of its launch in October last year. This is a figure that far surpasses the 9,200 new vehicles registered by the Chinese-made Neta V and the Tesla Model Y, which…

  • Thailand News

    Thailand’s EV initiative: Driving towards a greener future

    The Thai government has embarked on an ambitious plan to replace ageing government vehicles with electric vehicles (EVs), in line with their carbon neutrality goal set for 2050. The Thai EV initiative move was prompted by a notification issued by Prime Minister Srettha Thavisin, encouraging the use of EVs within the government sector. PM Srettha’s order, issued via the Secretariat…

  • Business News

    Energy Absolute sees a revenue soar due to EV demand and battery sales

    The Stock Exchange of Thailand (SET)-listed renewable energy and electric vehicle (EV) developer and operator, Energy Absolute (EA), is set to record a significant surge in its total revenue. This year’s revenue is projected to exceed 41 billion baht, a substantial leap from last year’s 27.5 billion baht. This surge can be attributed to the burgeoning demand for commercial EVs…

  • Business News

    Charged up and rolling: GAC Aion sparks production of maiden battery EVs by June 2024

    GAC Aion New Energy Automobile, the electric vehicle (EV) wing of Guangzhou Automobile Corporation (GAC), China’s second-largest EV purveyor, outlined plans to initiate the assembly of its maiden battery EVs by June 2024. The production is slated to occur at the brand’s nascent factory within the Eastern Economic Corridor (EEC). Gu Huinan, GAC Aion’s managing director, anticipates the assembly of…

  • Thailand News

    Thai taxi drivers seek incentives to shift to electric vehicles

    Taxi drivers across Thailand, represented by the Thai Public Taxi Association, are petitioning the country’s transport minister for a financial incentive package to facilitate their switch to electric vehicles (EVs). Association Chairman, Sadit Jaitiang, plans to bring up this key concern during a vital meeting slated for next Friday with Transport Minister Suriya Jungrungreangkit. The meeting is expected to address…

  • Business News

    Arun Plus aims for profitability with Thailand’s growing EV demand

    National oil and gas conglomerate, PTT Plc, is forecasting that its subsidiary company, Arun Plus Co, is likely to attain profitability in the next three to five years, fostered by higher demand from Thai drivers for electric vehicles (EVs). Arun Plus was founded three years prior when PTT ventured into the EV sector as part of its futuristic energy plan.…

  • World News

    Lamborghini’s electrifying road ahead: Supercars to go electric by 2028

    Luxury Italian auto manufacturer Automobili Lamborghini revealed its roadmap to electric transformation, aiming to electrify all of its supercar models by the year 2028. This significant shift comes as a strategic response to the global thrust towards mitigating climate change impacts, resulting in Lamborghini’s electrification. The bold Lamborghini electrification transition is underpinned by ongoing research and technological developments at the company,…