Thailand, the region’s biggest market for battery EVs (BEVs), has nearly 99,000 units of unsold BEVs. For the month of June, 6,905 units of BEVs were sold, 11.6% lower than the preceding month. Total BEV sales in the first half of 2024 totaled 36,593 units, which is 9.4% up from the same period last month, but June’s 11.6% drop came after May’s massive 28.8% drop in sales, which was preceded by a 4% drop in April. According to the country’s Excise Department data, a total of 185,029 BEVs have be

Hans

Aug 1, 2024

Bridgestone Malaysia recently launched an initiative to introduce virtual motorsport to university students. The event, held at Segi University Kota Damansara, Universiti Tunku Abdul Rahman (UTAR) Sungai Long, and Asia Pacific University (APU) from 26-June to 5-July 2024, attracted over 2,000 visitors. Among them, 530 students and adults participated in the "Bridgestone Rivals: Race to the Top" simulation racing game. Partnering with Forza Motorsport, Bridgestone Asia Pacific Ptd. Ltd., a group

Shaun

Aug 1, 2024

Cycle & Carriage, best known as a Mercedes-Benz dealer (now referred to as ‘retail agent’) in Malaysia, will now be adding Peugeot dealerships into its portfolio, thus returning one of the oldest car companies in the region into a multi-brand retailer. Between the ‘90s to the 2000s, Cycle & Carriage used to be a distributor and retailer for Peugeot, prior to handing the business over to Naza in the 2000s. By Q4 2024, two existing Cycle & Carriage outlets in Cheras and Batu Caves will be renovate

Hans

Aug 1, 2024

Great Wall Motor (GWM) Malaysia will launch its first Completely Knocked Down (CKD) model, the GWM Haval H6, in the third quarter of 2024. This initiative is part of GWM’s strategy to localise production, operations, and supply chains. Earlier this year, GWM finalised a deal to appoint EP Manufacturing Berhad (EPMB) as its contract manufacturer, to locally assemble the Haval H6 and Haval Jolion in a new 20,000 units per year plant in Melaka. This plant will enhance GWM’s market presence in the A

Shaun

Aug 1, 2024

Thailand's BEV-centric policies to court companies and their investments in Battery Electric Vehicle (BEV) production (and infrastructure) have been largely successful, but they have come at the expense of existing local parts suppliers, which have been shuttering operations. Sompol Tanadumrongsak, President of the Thai Auto Parts Manufacturers Association, recently told Nikkei Asia, "Auto parts makers are also suffering. "Parts orders have dropped by 40 percent so far this year. Each car assemb

Arvind

Jul 31, 2024