Connect with us

Automotive

China Looks Mass Produce Electric Vehicles (EVs) in Thailand, Circumventing EU and US Tariffs

Published

on

China Looks Mass Produce Electric Vehicles (EVs) in Thailand
EV sales in Thailand reached 76,314 units in 2023, 7.8 times higher than 2022

China’s electric vehicle (EV) manufacturers plan to invest more than a billion US dollars in assembling their EVs in Thailand in order to circumvent tariffs and increase domestic sales and speed worldwide exports. China’s imported electric vehicles (EVs) are already heavily impeding US and Japanese car sales in Thailand.

Thailand is known as “The Detroit of Asia” because to its long-standing auto manufacturing industry. Toyota, Isuzu, Mitsubishi, Honda, Ford, and other automakers dominate the growing domestic market for traditional internal combustion engines powered by gasoline, diesel, or LPG.

Thailand is Southeast Asia’s largest exporter of these automobiles, producing 2.5 million annually. These figures are projected to rise as China expands facilities in Thailand to assemble EVs and ship them throughout the region.

If the United States, Europe, and other countries impose severe tariffs on imports of “Made in China” vehicles, future Chinese cars “Made in Thailand” could give an alternative market access route.

China’s major EV advantage is its southeast coastal port, Shenzhen, from which Chinese EV producers can obtain intricate precision sensors, computer chips, batteries, and other high-tech gear and components.

Now, China’s BYD, which produces the majority of the world’s EVs, and Great Wall Motor have reportedly agreed to invest US$1.4 billion in new EV production and assembly facilities in Thailand.

Electric Vehicle (EV) Price Wars in Thailand

BYD, or Build Your Dreams, piqued visitors’ interest at the Bangkok International Motor Show in March by showing a $24,000 Dolphin EV that can travel 300 miles on a single battery charge and a $44,000 Seal that can cruise 360 miles.

Meanwhile, China’s Chery Automobile is developing a factory in Thailand to make vehicles for both the domestic and international markets. Chery plans to produce 50,000 EVs and hybrids by 2025, Thailand’s Board of Investment (BOI) announced on April 22.

The government owns Chery, China’s third-largest automaker.

“EV sales in Thailand reached 76,314 units in 2023, 7.8 times higher than the previous year,” Tokyo-based Nikkei reported in February.

“BYD placed first, accounting for around 40% of EV sales. According to Nikkei, Chinese companies accounted for roughly 80% of EV sales, while Japanese brands accounted for less than 1%, citing Autolife Thailand data.

BYD’s most popular vehicle in Thailand is the Atto 3 SUV.

“Agile and fun, the BYD Atto 3 provides an engaging driving experience,” BYD claims on its website. “The vibrant and streamlined central console reflects a positive and energetic attitude towards life.”

According to BYD, floor the pedal in an Atto 3 SUV and you’ll reach 100 kilometers per hour in 7.3 seconds.

“BYD sold 30,650 EVs in Thailand last year, followed by 12,777 sold by Neta – a brand of Chinese electric vehicle maker Hozon Auto which is based in eastern China’s Zhejiang province,” it was stated by the Associated Press.

Assembling EVs in Thailand

Tesla, British brand MG, and Chinese automobile maker Great Wall Motor all trailed behind. However, the majority of those sales were for foreign electric vehicles. Much of the new investment to enhance Thailand’s electric vehicle (EV) sector is going into custom-built, high-tech facilities and assembly line infrastructure.

“Neta has announced plans to begin assembling EVs in Thailand, and Great Wall Motor bought a former General Motors plant in Rayong, east of Bangkok, as a base for its expansion into Southeast Asia,” according to the Associated Press. Neta wants to produce 20,000 electric vehicles per year in Thailand.

In that year, “BYD announced that it would build an EV plant in Rayong province in eastern Thailand, marking the first time the automaker agreed to build a passenger EV factory outside of China with plastic injection moulding,” the Japanese news agency Nikkei said.

In the summer of 2017, “China’s Changan Automobile announced that it would invest ($270 million) in an EV plant in Thailand.”

China manufacturing batteries in Thailand

Thai officials recently welcomed Chinese investors to the high-tech Smart Park Industrial Estate, located in the Map Ta Phut economic zone in Rayong port on the Gulf of Thailand.

“Svolt Energy Technology, a Chinese manufacturer of batteries and energy storage systems, is spending ($34.7 million) to build an EV battery factory in Thailand’s east to serve both Chinese and Japanese carmakers,” according to China Global South’s research website.

Tesla executives were on a tour to an industrial state in December, accompanied by Prime Minister and then-Finance Minister Srettha Thavisin. He said in Thailand, extended families frequently pool their money and go into debt to afford payments on vehicles that are capable of withstanding monsoons, heat, and rural roads.

EVs are gaining popularity in Thailand, but some owners have complained that electric charging facilities are difficult to locate outside of Bangkok.

Southeast Asia is prone to floods, EV’s nemesis, which may dampen enthusiasm among the region’s 600 million residents.

EV motorcycles, three-wheel scooters, and public buses may become more popular in cities because recharging, frequently by swapping batteries at specified locations, is easier and faster.

Source: Asia Times

Automotive

Russell’s early departure leaves Lando Norris on pole at the Hungarian F1 GP.

Published

on

By

Lando Norris

(CTN News) – Lando Norris and his McLaren squad survived a tough qualifying session for the Hungarian Grand Prix, but they know they must perform on Sunday.

Lando Norris needed to win Budapest after Oscar Piastri locked off the top row in the field’s fastest McLaren. Recent races have been costly owing to wasted opportunities and little mistakes.

He matched Max Verstappen’s pole lap at the Hungaroring, who was unhappy to finish third. In a confident and aggressive approach, the 24-year-old finished more than three tenths ahead of the Dutchman, hitting the apexes.

Piastri followed Lando Norris by two hundredths of a second on the second hot run, demonstrating McLaren’s speed.

McLaren is doing well since Lando Norris won the Miami Grand Prix.

His potential triumphs have been cost by team and driver error, for which both parties have taken responsibility. On Sunday, he and McLaren will know they must do well.

Norris was quietly pleased with his historic first pole in Hungary and third overall. Although confident, McLaren will also be proud of their recent race progress. No one has won the pole in Budapest since Lewis Hamilton won the race and flag in 2012.

Norris and his crew recognize they must capitalize on closing gaps with 12 races left to drive Verstappen to the finish. Lando Norris understands. Behind Verstappen by 84 championship points.

“I know we missed out on some races, but we did the best we could in every one of them, and I don’t want to get back into all that stuff,” he said. I expect Oscar and Max to challenge me in the rear, not a clean weekend.

“Every location and point must be maximized; the more we can do to return to Max and Red Bull, the better.”

Hungary is a great opportunity since Lando Norris Verstappen was plainly unhappy with his car and outperformed. This disappointed him twice because the team had swiftly upgraded this race.

Verstappen had stated that the upgrades will define the second half of the season, but he admitted that he did not think they had gone far enough and could not defeat the McLarens.

“The changes are effective, but we still need more as we are not at the top,” said he. “Despite the imbalance, I liked the laps. I was pushing hard, so you had these little moments. Fast lap times are less crucial today. Simple: we need to work more because we’re moving slower. McLaren’s qualifying performance suggests a lot of ground to cover.

Lando Norris completed his best lap despite two crash-related stoppages.

Verstappen looked great in dry Q3 hot laps. He set a record with a lap time of 1 minute, 15.555 seconds and was quickest through each sector.

Lando Norris followed and pushed through the corners with fearlessness, posting a perfect 1:15.227 lap time. Piastri improved to second place on the penultimate laps while Verstappen did not, and Yuki Tsunoda’s crash halted the session.

A tardy coda didn’t matter when practice resumed because the last two minutes on old tires were worthless. McLaren has all the cards, but they must perform at the highest level to prove the legendary brand can win again.

Carlos Sainz of Ferrari was fourth and Lewis Hamilton of Mercedes fifth. George Russell, Sainz’s teammate, was unexpectedly ousted in the first round.

Sergio Pérez of Red Bull struggled again in the first qualifying round. He hit the curb, lost the rear at turn eight, and crashed, interrupting the session.

Poor performance again for the Mexican, whose Red Bull berth is in risk after a succession of poor performances, especially in qualification. His contract, recently extended to 2025, may have a performance clause, and Red Bull is unlikely to tolerate him underperforming for long. He was sixteen.

Russell fell behind because Lando Norris Mercedes didn’t fuel the car until the session ended. The British driver was eliminated in 17th place after staying out when the track dried after the break.

Charles Leclerc of Ferrari placed sixth, Fernando Alonso and Lance Stroll of Aston Martin placed seventh and eighth, Daniel Ricciardo of RB placed nine, and Tsunoda placed tenth.

Nico Hülkenberg and Kevin Magnussen of Haas finished 11 and 15, Valtteri Bottas of Sauber 12 and Alex Albon and Logan Sargeant of Williams 13 and 14. Esteban Ocon and Pierre Gasly placed ninth and twentieth for Alpine, while Guanyu Zhou placed eighth for Sauber.

SOURCE: GN

SEE ALSO:

Based on interest from The Range, Homebase’s owner plans to initiate a sale.

Inflation slowed in July, which will lead to 150 bps policy rate cuts, JS Global says.

Police in Chiang Rai Launch Crackdown on Cyber Criminals in Golden Triangle

Continue Reading

Automotive

M5 Partially Closed as Cullompton-Exeter Crash Hospitalizes Two

Published

on

By

M5

(CTN News) – Two people were sent to the hospital for treatment as a result of the M5 tragic vehicle accident that happened in Devon.

The accident between two vehicles was the cause of the disaster. One more consequence of the crash is that it has left the M5 partially blocked to traffic to this day.

Between junction 28 for Cullompton and junction 29 for Exeter, the highway was blocked in both directions; however, one lane on the southbound carriageway has been opened up for previously closed traffic.

In a statement issued by the South Western Ambulance Service NHS Foundation Trust, they stated that they were notified of a traffic accident that had happened in the Exeter district at 2:29 p.m. on Friday, July 12.

M5 happened in Exeter, according to reports.

Furthermore, information was given to them by the South Western Ambulance Service.

To provide medical assistance to those injured, four land ambulances, each with two crews, an air ambulance, a critical care M5 vehicle, a doctor, an operations officer, and a responding officer were dispatched to the scene of the incident.

Furthermore, a critical care vehicle was dispatched. We also dispatched an air ambulance to the scene of the event.

Two patients were transported to their respective hospitals: one was transported by land ambulance to the Royal Devon and Exeter Hospital, while the second patient was flown there by air ambulance.

After being moved, the two patients were sent to hospitals in Devon and Exeter, respectively. Simultaneously, both patients were transferred to their respective sites at the same time.

Here’s what Devon and Somerset M5 Fire and Rescue Service said:

“We responded to the scene of a road traffic collision on the M5 at 2.30 p.m. today, between junctions 28 and 29.” The statement cited above was part of an official declaration.

A car that had been hit by another car coming from the other direction had two persons inside that had been rescued. It had been traveling in the other direction.

We offered support as the people were being taken out of the car. These people are now receiving medical assistance from the ambulance service in order to fulfill their duties.

The event caused significant delays for the M5 and the routes that pass through Exeter during the period when traffic was being redirected. In order to accommodate the traffic, this was being done.

A southbound vehicle experienced wheel failure, causing it to cross the center reserve and merge with the northbound road approaching. The car was going the wrong way, which is why this happened. The vehicle was traveling southward at that precise moment.

National Highways indicated that based on the facts they have provided, it is expected that the police would begin their investigation into the occurrence given the magnitude of the calamity that occurred. The entity that made this information public was National Highways.

The Devon and Cornwall Police Department issued the following statement:

“We know the M5 closure is causing traffic.”

The statement that was released is located beneath you. “We will get people moving safely when we can but please bear with us while we deal with the incident and causalities at the scene.”

In order to accommodate cars and other small vehicles that were traveling on the now-closed northern route towards M5 Taunton and Bristol, the back of the line has been shifted.

This was done to create space for these cars, which were heading towards Taunton and Bristol. The purpose of this activity was to provide space for larger cars. At this point, it seems like more and more vehicles are being stopped from going forward.

Due to this incident, a second lane has been opened up for use by any and all vehicles traveling southward.

SOURCE: ITV

SEE ALSO:

Honda to Cease Production at One of its Thailand Auto Factories

Car Dealers in Northern Thailand Struggling to Stay Afloat

BYD Car Buyers in Thailand Outraged Over Huge Dealer Discounts

Continue Reading

Automotive

Honda to Cease Production at One of its Thailand Auto Factories

Published

on

By

Honda

(CTN News) – The Japanese vehicle firm Honda Motor made the news in a statement that was posted on Tuesday. The statement stated that the company intends to center its production at the site that it operates in the province of Prachinburi.

As a consequence of this, the production of automobiles will be halted at the facility that it operates in the province of Ayutthaya in Thailand by the year 2025.

The more difficult circumstances that the second-largest car manufacturer in Japan is facing in the country of Thailand, which is located in Eastern Southeast Asia, are exemplified by this move. Thailand is located in Southeast Asia.

There are several reasons for this, including the fact that Chinese firms are determined to grow their market share in Thailand, and a growing number of consumers are expressing an interest in electric vehicles (EVs). They both play a role in contributing to the problem.

The combined output of automobiles produced by Honda’s two facilities has fallen throughout the course of the succeeding four years, going from 228,000 vehicles in 2019 to less than 150,000 vehicles annually. This downward trend has occurred during the course of the past four years.

The preceding four years have been the time period during which this decline has taken place. With regard to the sales that the company has made in Thailand throughout the course of the past four years, there has been a consistent range of less than 100,000 to less than 100,000 for the entirety of this time period.

This is according to Honda’s spokeswoman.

When the factory first opened its doors in 1996, the company anticipates that it would continue to manufacture vehicle components at that location. When the firm finishes manufacturing vehicles at the Ayutthaya facility in the next year, the spokesperson stated that the company intends to continue producing automobile components at the plant.

In accordance with the statement that was given by the spokesman, the Prachinburi factory, which was built in 2016, will be utilized for the purpose of integrating the facilities with which automobiles are created. This was said in the statement. There are only two factories in Thailand that are owned and operated by the vehicle manufacturer, and these two factories are the only ones in the country.

According to the statement made by a spokeswoman for Honda in Thailand, the company’s goal is to reduce the disparity between the number of automobiles it produces and the number of sales it has experienced in the nation.

According to the remark that was made by the spokesman for the company, the automobile manufacturer are already exporting their products from Thailand, particularly to other Southeast Asian countries such as Indonesia and the Philippines. According to a statement that was sent by a spokeswoman for the company.

Currently, Honda has no plans to invest in Thailand.

When it comes to mainland China, Honda and Nissan Motor, a Japanese automobile manufacturer that competes with Honda, have been hit particularly hard by competition from rising Chinese manufacturers.

Nissan Motor is a competitor of Honda. As a result of the fact that these businesses provide reasonably priced plug-in hybrids and electric vehicles that are loaded with software, a significant number of customers have been drawn to them.

Now, Japanese automobile manufacturers are at risk of losing clients in countries outside of China, such as those in Southeast Asia, to Chinese companies that are increasingly attempting to increase the quantity of automobiles they export and build up operations outside of China.

As a result, Honda Japanese automobile manufacturers are facing a potential loss of customers. They are exposed to this danger as a result of the fact that Japanese brands compete with Chinese brands in these locations.

BYD, a Chinese manufacturer of electric vehicles, recently launched a plant in Thailand that will be responsible for the production of automobiles that are powered by electronic batteries.

This plant was established last week. The Chinese electric car manufacturers are beginning to establish facilities in the country, and this factory is a component of the wave of investments that they are making in the country. These investments have a total value that is greater than 1.44 billion dollars together.

SOURCE |SCMP

SEE ALSO:

Car Dealers in Northern Thailand Struggling to Stay Afloat

BYD Car Buyers in Thailand Outraged Over Huge Dealer Discounts

The PM Seeks Assurances after BYD’s Steep EV Discounting in Thailand Sparked Backlash

Continue Reading

Trending