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Southeast Asia market will become a competitive place for Chinese and Japanese car companies

Setec Powerr

Europe, the birthplace of the automobile industry, to North America across the Pacific Ocean, has always been the top stage that Chinese car companies hope to step on. However, the Southeast Asian market at home has recently become a new target for many car companies. A large market of 10 million vehicles.

Asia 97
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A Chinese solar maker being probed for skirting US tariffs will open a US trade-compliant factory

Electrek

Chinese solar maker Trina Solar today announced that it’s going to open a 6.5 gigawatt (GW) silicon solar wafer facility in Vietnam in mid-2023 to supply the US market – and the company also says it will be trade compliant.

Chinese 96
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VinFast launches its cheapest VF3 EV overseas to take on low-cost Chinese EV makers

Baua Electric

A new low-cost electric car is rolling out to global markets, and it’s not from China. Vietnam’s VinFast officially launched its most affordable EV, the VF 3 , overseas as it expands its presence in the Philippines. Tran Mai Hoa, VinFast’s Deputy CEO of Sales and Marketing. The promo price was for the battery subscription model.

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Nikkei: China boosts domestic rare earths quota by nearly 30%

Green Car Congress

Although it is the world’s dominant producer of rare earths, China still imports the minerals from abroad—primarily from Myanmar, Malaysia and Vietnam. Imports accounted for 47,000 tons, or about a quarter, of China’s rare-earth market last year. It announces a quota twice a year.

China 301
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Tesla Bear believes TSLA India market might be even bigger than China: report

Teslarati

Roth Capital analyst Craig Irwin, who has a $150 price target on TSLA, believes Tesla’s market potential in India might be bigger than the lead EV automaker’s market in China. “The entry into the Indian market I expect to be a big, big boost for [Tesla]. The Teslarati team would appreciate hearing from you.

India 145
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BYD sets lower sales growth & warns of looming price war

Teslarati

Tesla & CATL deemed the Power Couple to Recharge the US EV Market: Morgan Stanley The top EV manufacturer forecasts for 2024 are hopeful. The Chinese automaker estimates account for some challenges BYD expects this year. The Chinese carmaker also slowed down construction plans for its EV factory in Vietnam.

BYD 118
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Asian EV Manufacturers You Should Know

Clean Fleet Report

Asia’s EV market is growing rapidly. Most people are aware of key players like Hyundai and Nissan, but there are so many other EV manufacturers that are taking over Asia—and possibly set to conquer the international market, including the U.S. VinFast VinFast is a Vietnam-based company that was established in 2017 by Vingroup.