According to JATO Dynamics data and estimations for 151 markets around the world, a total of 78.32 million new passenger cars were sold in 2023 which is a 10% increase, or an additional 7 million units compared to 2022. Leading the market is unsurprisingly (and sadly for enthusiasts) SUVs with 36.72 million units sold last year. This is a new sales record for the segment which also achieved its highest market share. Between 2022 and 2023, SUV sales volume increased by 16%, accounting for nearly

CY Foong

Jul 3, 2024

Thailand is one of Southeast Asia's fastest and largest growing battery electric vehicle (BEV) consumers. Most of the growth is due to the various incentives introduced by the Thai government as well as support from BEV makers to develop the ecosystem. However, the market could face some hurdles following the latest announcements from insurance companies in the Kingdom. Thailand’s second-largest auto insurer, Tokio Marine Safety Insurance recently announced that its current insurance premiums wo

CY Foong

Jul 3, 2024

Following BYD Malaysia’s record high monthly sales of 1,045 units in May 2024, the brand’s Shenzhen headquarters has announced that BYD’s global sales also reached a new record high in June 2024, with 341,658 units sold (wholesales). June’s global sales tally is 2.9% higher than May 2024. Year-to-date, BYD’s cumulative global sales hit 1,612,983 units, up 28.5 percent from the same 6-month period last year. Battery EV (BEV) passenger cars (excluding BYD electric buses) made up 45 percent of BYD’

Hans

Jul 3, 2024

The government might roll back blanket subsidies for RON 95 petrol as early as this month, says Citigroup Inc as reported by Bloomberg. The agency also said that Citi's chief Malaysian economist, Wei Zheng Kit, notes that the government's spending reached 53.9% of its annual target in the first five months of the year (January to May), a higher proportion than in previous years. Hence, the banking group highlighted the urgent need for Malaysia to reform its fuel subsidies to achieve its 2024 def

Sanjay

Jul 3, 2024

XPeng Malaysia's website and Facebook, Instagram pages are now online, as the company gears up for its official introduction into the country. There's also a cryptic countdown to something that's happening in six days, which we reckon could be the company's formal announcement and, just maybe, the launch of the G6 BEV, which is confirmed to be the brand's first car here. The Chinese BEV marque's distributorship here is taken care of by Bermaz Auto; the formal name of this partnership is Bermaz X

Sanjay

Jul 3, 2024