Chinese electric vehicle manufacturers are making significant strides in entering and expanding within the Southeast Asian market through strategic partnerships, local manufacturing, competitive pricing, and investments in infrastructure.
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The electric vehicle market in Southeast Asia is experiencing a transformative shift, with governments, businesses, and consumers alike embracing sustainable mobility solutions. As we navigate this dynamic landscape, it’s crucial to delve into key aspects shaping the region’s EV market.
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Statistics show that the sales volume of new energy passenger vehicles in China was 993,000 units in 2018, increasing by 90.40% YOY. The wholesale and retail volume of new energy passenger vehicles exceeded 1 million units, and the sales volume of new energy vehicles including new energy commercial vehicles reached 1.2 million units at a high growth rate, which laid a milestone in the development of China’s automotive industry. (1) Battery electric vehicles saw a slowdown in growth and a decrease in market share. In 2015, the sales volume of…
Read MoreThe 2017 Guangzhou International Auto Exhibition was opened in China Import & Export Commodity Trade Fair Pavilion in Guangzhou on November 17, 2017, which lasted for ten days and ended on November 26, 2017. The exhibition was exclusively open to the press on November 17 (Press Day) and exclusively open to professional audience on November 18 and 19 (Professional Audience Days). Ordinary audience and professional audience could visit the exhibition from November 20 to November 26. The entire exhibition covered an area of 220,000 square meters, with items on display…
Read MoreStatistics demonstrate that this is the first time for China to rank the first in terms of the development index of electric vehicles. China is expected to dominate the world’s market of electric vehicles in the future. Despite stricter government policies concerning new energy and fewer financial subsidies, market shares of electric vehicles and battery manufacturing will continue to grow, further presenting extended competitive advantages. In 2016, over 350 thousand plug-in hybrid electric vehicles and battery electric passenger vehicles were produced in China, accompanied by the sales growing at a…
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