Industry experts predicted that battery electric vehicle (BEV) sales in Thailand could jump 40% this year to exceed 100,000 units, reversing an 8% drop in sales in 2024. Suroj Sangsnit, president of the Electric Vehicle Association of Thailand (EVAT) told Reuters that this would be caused by incentives like price subsidies and hefty discounts by BEV manufacturers. Thailand’s national incentive programme requires local production (CKD) of 1.5 vehicles for each imported vehicle between 2022 and 20

CY Foong

Feb 3, 2025

Stellantis NV is making more leadership changes as it continues restructuring after CEO Carlos Tavares was ousted, sources say, via a report by Bloomberg. Among the names cited by the sources include Linda Jackson, who is set to lose her role as Peugeot's Chief Executive Officer. Meanwhile, Chief Software Officer Yves Bonnefont is stepping down. Bonnefont, a Tavares protégé, led the software division which Bloomberg adds, is responsible for delays to key models, including an all-electric Ram pic

Sanjay

Feb 3, 2025

BYD's move into the South Korean market is proving to be fortuitous, as The Korea Times report the BYD Atto 3 racking up as many as "1,000 orders" in its first week there. Offered in two variants, prices for the Atto 3 range from 31.5 million KRW, to 33.3 million KRW (~RM 96k to RM 102k). That's a good chunk of change cheaper than similar-sized domestic rivals, ie. the Hyundai Kona EV and Kia EV3, both which start from 42 million KRW, ~RM 128k. The two variants of the Atto 3 are seperated mainly

Sanjay

Feb 3, 2025

In a report by the Bangkok Post, Thailand’s Finance Ministry is mulling a proposal to adjust excise tax conditions for plug-in hybrid vehicles (PHEVs) to support automotive manufacturers. An anonymous source from the ministry told the Thai daily that the Excise Department is drafting amendments to the conditions. The current requirement is 80 km or more per charge while the fuel tank capacity is capped at 45 litres. Vehicles that meet these conditions are subject to a 5% excise tax rate. If the

CY Foong

Feb 3, 2025

Lexus ended 2024 by setting its best sales record ever, with 851,214 units sold, up 3.3% from the year before. Compared to the dominant German marques like BMW, Mercedes-Benz, and Audi – which sell around 2 million cars annual, Lexus’ sub-1 million units volume makes it minority player in the upper echelons of the automotive world. Lexus might be a small player, but the Germans best start learning from Lexus, especially when it comes to listening to customers. The Germans spent a good part of la

Hans

Jan 31, 2025