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Tesla is opening a flagship store in Thailand: report

Teslarati

Tesla is set to open a flagship store in Bangkok, Thailand, as early as June. The five-floor facility, which includes a showroom, a service center, a parts warehouse, and fast-charging stations, will be located in a mall in eastern Bangkok. Model Y sales roughly doubled in March from the previous month to 1,034 units.

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BloombergNEF shares its 2024 Electric Vehicle Outlook

Teslarati

The auto industry continues to shift toward electric vehicles (EVs), and while sales growth has slowed somewhat this year at many companies and in many markets, recent guidance shows that it may only be in the near-term. Last month, Bloomberg data suggested that the ongoing EV sales slowdown in the U.S.

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Foxconn partnering with Thailand’s PTT to build EVs; MIH open EV platform

Green Car Congress

Foxconn and PTT have signed a Memorandum of Understanding to collaborate in setting up an open platform for producing electric vehicles (EV) and key components to serve the EV sector in Thailand. PTT is a Thai state-owned oil and gas company and the largest publicly listed conglomerate in Thailand.

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BYD surges past Honda and Nissan’s sales for the first time, targets Ford with low-cost EVs

Baua Electric

Affordable EVs driving demand According to MarkLines (via Nikkei ), BYD’s new vehicle sales climbed 40% between April and June to 980,000. A big part of BYD’s surging sales numbers is its incredibly affordable electric cars. Meanwhile, much of BYD’s success this year is thanks to growing overseas sales.

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Tesla is ramping up hiring efforts in Bangkok with walk-in recruitment event

Teslarati

Earlier this month, Teslarati was the first to first report that Tesla was hiring for a location in Bangkok Thailand. Tesla has a total of sixteen job openings for its new location in Thailand. Thailand produces around 1.5 million to 2 million vehicles per year and half of these are exported. Credit: Tesla/ LinkedIn.

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Hyundai takes aim at BYD with new EV and battery plant in this surging overseas market

Baua Electric

Hyundai is upping the ante on China’s leading EV maker with plans to dish out $28 million (1 billion baht) on a new EV assembly and battery plant in Thailand. Hyundai to fend off BYD with EV plant in Thailand With EV sales surging in Thailand, Hyundai wants in on the action.

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

Setec Powerr

A large market of 10 million vehicles. Figures released by the ASEAN Automotive Federation (AAF) show that total vehicle sales in Southeast Asia will be about 2.79 And new energy vehicles will be one of the new growth points. It is foreseeable that Thailand will soon see an explosion of new energy vehicles.

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