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Geely’s ambitious plan is to construct a US$168-million manufacturing plant in northern Vietnam is set to unfold as scheduled, despite broader concerns cast by its chairman and founder, Li Shufu. Just last Saturday, Shufu pointed out the global automotive…
Billionaire Pham Nhat Vuong, the chairman of the private conglomerate Vingroup and recognized as Vietnam’s wealthiest individual, has injected a staggering VND20.5 trillion (approximately US$790 million) into the automaker VinFast between November and May.…
Domestic car sales in Thailand experienced a glimmer of hope in April, marking a 1% year-on-year increase—the first boost in nearly two years, as reported by the Federation of Thai Industries (FTI). This slight recovery comes as a welcome surprise amid a…
The latest sales figures reveal a significant dip in vehicle sales, with a total of 20,766 passenger vehicles sold in April—evidently a 7% decline compared to March. The commercial vehicle sector mirrored this trend, seeing sales drop to 8,619 units, also…
In an electrifying twist in the automotive landscape, BYD has officially claimed the title of Singapore’s top-selling car brand for the first time this year, outpacing Japanese giant Toyota. With its sights firmly set on global expansion, the Chinese electric…
VinFast, Vietnam’s rising star in electric vehicle (EV) manufacturing, is gearing up to revolutionize the automotive landscape in the Philippines. In an exciting announcement, the company revealed a partnership with four key Philippine firms to roll out over…
Proton Makes a Charge into Singapore’s EV Market In a strategic comeback, Malaysia’s national carmaker Proton is re-entering the Singaporean automotive scene after a decade, unveiling its first electric vehicle, the e.MAS 7. Set to start at approximately…
Luxury automaker addresses claims stemming from a controversial incident involving a customer’s vehicle Mercedes-Benz is taking a proactive stance in response to recent allegations concerning an incident involving a customer’s S 450 L that caught fire. The…
Gasoline Prices in Vietnam See Modest Recovery After Five-Year Low Vietnam’s gasoline prices have marked a slight upward shift, coming off their lowest levels in five years. This change comes as various factors in the global oil market begin to stabilize and…
Volvo has unveiled its first all-electric sedan, the ES90 for the global market. Built on the carmaker’s SPA2 platform, the ES90 is the sixth all-electric model in Volvo’s portfolio after the EX90, EM90, EX40, EC40 and EX30. The carmaker has stated that the…
Gasoline and diesel prices in Vietnam mostly fell Thursday afternoon. The popular gasoline RON95 was priced at VND20,920, down 0.38% from seven days ago. E5 RON92 gained 0.25% to VND20,440. Diesel fell 0.99% to VND19,050. Regulators said that fuel prices in…
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…
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…
