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Thailand’s car production in 2024 dropped 20% from the previous year to a four-year low, owing to weaker domestic sales and exports, the Federation of Thai Industries (FTI) said. Car output dropped to 1.47 million units from 1.83 million in 2023. Production…
Czech’s biggest automaker Skoda is set to complete its $500 million factory in northern Vietnam, its first in Southeast Asia, by the end of March. The company plans to launch two locally assembled models this year after the completion of the plant, which it…
Porsche set a new benchmark in Switzerland in 2024 with 5,042 new registrations, representing a 10.5 percent increase compared to the previous year. The brand also saw significant growth in electrified vehicles. Against the backdrop of an overall market…
Chinese EV maker Skyworth Auto has started selling its cars in Singapore, opening its first showroom there on Tuesday. The 185-square-meter showroom features the first Skyworth model in the country, K, an SUV designed for family comfort with a travel range of…
Luxury auto sales in Thailand plunged 25% to 30,000 units last year as a struggling economy hurt buyers. The slow economic expansion rate (projected to be 2.4-2.7%) and banks’ tighter criteria for auto loans have resulted in a negative impact across the the…
Indonesia will offer a sales tax incentive on Government-borne Luxury Goods (PPnBM DTP) of 3% for hybrid cars from next year. Minister of Industry (Menperin) Agus Gumiwang Kartasasmita said at a press conference on December 16 that the Indonesian government…
Vietnam will need nearly US$14 billion to develop a network of charging stations to develop a green transport system, said insiders. This is expected to reduce greenhouse gas emissions, and create great tremendous opportunities for the electric vehicles (EV)…
Bridgestone Vietnam recently inaugurated the Noc Soa 2 Bridge in Cao Bang Province, providing safer school access for 40 children and restoring transportation infrastructure for 51 households impacted by Typhoon Yagi. The bridge, measuring 25 meters in length…
Thailand’s Board of Investment (BoI) has announced that the government would extend deadlines for electric vehicle (EV) manufacturers to meet domestic production quotas, addressing weak local market demand. Under the current EV 3.0 incentive program,…
Honda Vietnam announced that it will recall 2,695 CR-V e:HEV RS hybrid SUVs (CR-V Hybrid) from Nov. 25 to examine and replace defective high-pressure fuel pumps. The affected vehicles were manufactured in Thailand between August 24, 2023, and September 11,…
Chinese auto giant BYD’s premium electric vehicle brand Denza has made its official debut in Singapore with two variants, both costing over US$200,000. According to Singapore-based car selling platform Motorist, the brand launched its first model in the…
China’s largest electric vehicle manufacturer BYD is recalling 97,000 units due to a technical error that poses fire risks. The Chinese automaker is recalling Dolphin and Yuan Plus EVs produced in China between November 2022 and December 2023 for containing a…
The Thai cabinet has approved a budget allocation to fund a subsidy program’s second phase, which offers electric vehicle buyers up to 100,000 baht (US$3,070) per vehicle. Under the second phase of the subsidy program called EV 3.5, running from 2024 to 2027,…
Car ownership tripled in 13 years to 63 vehicles per 1,000 people last year, according to the Ministry of Industry and Trade. The number of registered automobiles reached 6.31 million by the end of last year, it said in a recent report. Last year 408,500 new…
Yoshihiro Hidaka, president of Japanese motorcycle manufacturer Yamaha Motor, suffered an arm injury after being allegedly slashed with a knife by his daughter, Hana Hidaka, at their home in Japan. The police arrested Hana on suspicion of attempting to murder…
German auto brand Volkswagen has cut the prices of three models in Vietnam by VND140-500 million (US$5,700-20,300) this month. The Teramont now costs VND2 billion, down VDN500 million, or 20%, from its original price tag. The full-size SUV, which is imported…
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