Laos Post

Friday, Mar 14, 2025

China's EV Industry Targets Southeast Asia Amid Global Expansion

Chinese Automakers Aim to Dominate the Booming Southeast Asian EV Market
China’s burgeoning electric vehicle (EV) industry is aiming to dominate the Southeast Asian market as part of its larger goal to lead the global EV sector. This move follows China’s record-breaking export figures in 2023, when the country shipped 1.2 million electric vehicles and 4 million conventional cars primarily to Europe and the Asia-Pacific regions, including Thailand and Australia.

China’s rapid growth in the EV sector has attracted increased attention from the United States and the European Union, which have implemented tariffs to protect their domestic industries.

The global EV market has experienced significant growth, with over 13 million EVs registered in 2023—3.5 million more than the previous year. China accounted for nearly 60 percent of these registrations, followed by Europe at 25 percent and the United States at 10 percent.

Chinese automakers such as BYD Auto, SAIC Motor, Li Auto, Geely, and Chery captured 53 percent of the global EV market share in 2023. BYD notably surpassed Tesla as the world’s best-selling EV brand within the same year.

China is now focusing on Southeast Asia, where EV demand surged by 894 percent in 2023. Chinese firms are investing heavily in the region, setting up production facilities and leveraging their cost advantages to outpace Western and other Asian competitors.

Thailand has become a key market in China’s expansion strategy. On July 4, China launched its first EV manufacturing plant in Rayong, Thailand, with the introduction of the BYD Dolphin. This facility can produce 150,000 vehicles annually. In addition to Thailand, China is also establishing manufacturing plants in Uzbekistan, Hungary, and Brazil.

-------------------------
Newsletter

Related Articles

Laos Post
0:00
0:00
Close
Ex-Philippine President Rodrigo Duterte Detained in Manila Under ICC Warrant
The inaugural 7-Eleven store opens in Luang Prabang.
The Largest Cruise Ship from Disney to Set Sail from Singapore
U.S. Creates Strategic Cryptocurrency Reserve, Triggering Market Boom
Cobra Gold 2025, the 44th annual joint military exercise co-hosted by Thailand and the United States, has commenced with participation from 30 nations and over 8,000 military personnel
Apple Hit with Lawsuit Over Accusations of Deceptive Carbon Neutrality Claims Regarding Watches
Thailand and China Strengthen Crackdown on Transnational Scams
Myanmar to Deport Over 7,000 Foreign Nationals Following Crackdown on Scam Gangs
Japan's New Condominium Prices Reach Record High in 2024
Thailand, China, and Myanmar Get Ready for Tripartite Discussions on Transnational Crime
Recent archaeological discoveries indicate that the Great Wall of China may be 300 years older than previously thought.
Thailand Moves Forward with High-Speed Rail Project Connecting to China
Thailand Enhances Regional Collaboration to Tackle Call Centre Fraud.
Tech Giants Ramp Up Lobbying Campaigns Against Strict EU Regulations
Alibaba Exceeds Quarterly Projections Fueled by Growth in Cloud and AI
Pope Francis Admitted to Hospital in Rome Amid Rising Succession Speculation
BYD Encounters Increase in Customer Complaints Regarding Smart EV Feature Launch
Lao Prime Minister Sonexay Siphandone is set to undertake his inaugural official visit to Thailand.
US State Department Removes Taiwan Independence Statement from Website
Transatlantic Gold Rush: Traders Shift Bullion in Response to Tariff Concerns and Market Disturbance
Bill Ackman Invests in Uber as the Company Moves Towards Profitability
AI Titans Confront Nvidia's Supremacy as New Chips Emerge
OpenAI Board Dismisses Elon Musk's Acquisition Offer
OpenAI Modifies Approach in Response to Increasing AI Competition
Chinese Nationals Taken Off Flight at Kuala Lumpur International Airport
French President Macron Employs Deepfake Technology to Advertise AI Summit
FBI Alerts Smartphone Users About Toll Scam
Trump Freezes Tariffs on Small Packages from China After Confusion at USPS
China Achieves 2030 Solar Energy Targets Early, Cuts Subsidies for Renewable Energy
Tech Giants Boost Investment in AI Infrastructure Despite Competition
Justin Bieber Sparks Concern as New Footage Raises Health Fears
'BACK TO PLASTIC!': Trump to End Bans on Plastic Straws
TikTok Sued Over Alleged Child Deaths Caused by 'Blackout Challenge'
Thailand Tops ASEAN in Dairy Exports with US$582M, Growing by 11.5% in 2024.
US Postal Service Halts Incoming Packages from China Due to New Tariffs
Thailand Takes Strong Measures Against Scam Groups in Myanmar
China's Humanoid Robots Poised to Transform Everyday Life and Spiritual Functions
The Impact of China's Humanoid Robot Developments on Fierce Rivalry with the US
Jisoo of Blackpink Reveals Fan Meeting in Hong Kong During Asia Tour
China Retaliates with Tariffs and Investigations Following New U.S. Duties
China Launches Anti-Monopoly Probe Into Google, Adds U.S. Firms to Unreliable Entity List
Nearly 96% of New Cars Registered in Norway in January Were Electric
Apple Abandons AR Glasses Project Amid Struggles with Technology and Market Demand
Apple Surpasses Revenue and Earnings Expectations, But iPhone Sales Disappoint
Bill Gates Reflects on Past Mistakes and Acknowledges Yuval Noah Harari's Insight
TikTok Shapes the Future of Mobile Gaming with Viral Trends
Sam Altman Amasses $1.2 Billion Fortune Through Strategic Investments
Thailand Boosts Startup Ecosystem with AI, FinTech, and Green Tech Initiatives
BOI Secures $3.8 Billion TikTok Data Center Investment Amid Digital Economy Growth
Thailand Proposes Cryptocurrency Sandbox in Phuket to Boost Tourism
×