Korean media: 80%, Chinese electric vehicles sweeping Thailand!

Korean media: 80%, Chinese electric vehicles sweeping Thailand!

On February 18, the South Korean media "Pioneer Economy" published an article saying that Chinese electric vehicle companies are occupying the Thai market.Therefore, some people have pointed out that the status of Japanese vehicle companies in the Thai market will be weakened.

According to statistics, Chinese electric vehicles and Chinese brands have a 11%share in the Thai market last year.In terms of sales of electric vehicles, BYD accounts for about 40%.Chinese brand electric vehicles account for nearly 80%.

Last year, Japanese vehicle companies share 78%in Thailand, a year -on -year decrease of 8 percentage points.The Chinese brand share has increased by about 6 percentage points.

Among them, BYD sold about 30,000 units last year, with a market share of nearly 4%.BYD entered Thailand in November 2022. In just one year, sales reached 30,000.BYD ranks sixth, exceeding Nissan and Mazda Motors.BYD plans to start production in local factories in Thailand at the end of this year.

After the Chinese electric vehicle companies have achieved results in the Thai market, they are committed to local production in order to save costs.Great Wall Motors has produced electric vehicles in Thailand since January this year.Shanghai Automobiles subsidiary MG Automobile will also start production locally during the year.

In addition, in order to capture the Thai market in April last year, Hyundai Motors established a modern MOBILITY TAYLAND, also established a child in Thailand last December last year.company.