BYD will acquire a 20% stake in its local distributor Rever Automotive in Thailand, its largest market outside of China. The share purchase agreement was signed by the two companies on 6-July to enhance their competitiveness in the Thai automotive industry, according to the company's statement. Rever Automotive, which has over 100 showrooms across Thailand, began selling BYD cars in 2022. Since then, BYD has become the top-selling battery electric vehicle (BEV) brand in the country. "We are thri

Shaun

Jul 9, 2024

The Trade Competition Commission of Thailand (TCCT) has announced that the recent price wars among battery electric vehicle (BEV) dealerships do not violate trade competition laws but rather promote market competitiveness, according to a report by the Bangkok Post. Rever Automotive, the distributor for BYD in Thailand, recently reduced prices on the BYD Dolphin and Atto 3, with the most substantial cuts for the 2023 model year units. The 2023 Atto 3 Extended Range now starts at THB 859,000 (~RM

Shaun

Jul 9, 2024

Honda Malaysia is off to a rousing start of the year, with three models dominating the sales chart in the first half of 2024 (H1) – namely the City, HR-V, and the CR-V, as data from the Road Transport Department (JPJ) shows. Year-to-date 2024 shows 6,072 units of the CR-V has found new owners thus far, a steady lead above the Proton X70. Speaking of which, at 2,808 units sold up till June, the aging X70 has also fallen behind the pricier Mazda CX-5 that has clocked 3,658 cars sold. Sales of the

Sanjay

Jul 9, 2024

Honda has announced that it will halt vehicle production at its Ayutthaya plant in Thailand by 2025, consolidating its operations at its remaining plant in Prachinburi. A company spokesperson told Reuters that the Ayutthaya plant, which was first established in 1996, will be repurposed for car parts production after 2025. The Ayutthaya plant, with a capacity of 150,000 units per year, has been producing models like the Accord, CR-V, and Civic e:HEV hybrid models. Honda has been exporting vehicle

Arvind

Jul 9, 2024

According to the Road Transport Department’s (JPJ) vehicle registration data, 6 of the top 10 best-selling cars of the first half of the year (H1 2024) are from Malaysian brands which also occupied the top six positions. The top 3 best-selling cars in Malaysia in 2024 thus far are the Perodua Bezza (47,100 units), Perodua Axia (42,922 units), and Perodua Myvi (34,688 units). P2 dominated the top 10 list with its entire lineup apart from the Aruz placed in the top 6 with the Alza (20,476 units) a

CY Foong

Jul 9, 2024