Thailand Sets New Localization Thresholds for Electric Vehicle Industry

2024/09/24
NEV
-
Malaysia
Thailand
The Thai government has set new localization requirements for electric vehicle (EV) manufacturers to encourage the development of the domestic automotive industry. Companies wishing to enjoy tax incentives must start producing or assembling three key EV components—electric motors, reducers, and inverters—in Thailand by 2026. The government also offers corporate tax exemptions of up to eight years for international automakers that establish EV battery production lines in the country, and five years for those assembling batteries locally.
Click original text link for more information
Paul Tan
Hot News
Mercedes-AMG A45 S Final Edition Revealed, Matte Grey/Dark Night Black
Mercedes-AMG A45 S Final Edition concludes the 4MATIC+ story. Features M139 turbocharged four-cylinder engine, Matte Grey and Dark Night Black colors, dark chrome handles, 19-inch matte black forged wheels, yellow AMG hub caps, and high-performance brake calipers with white AMG lettering. Optional yellow-black "45 S" door graphics with yellow accents throughout. The Final Edition writes a perfect ending for the compact performance hot hatch era.
ew Buick GL8 Lushang Coming Soon, 270 Upgrades with Independent Second-Row Seats
From official teaser images, the new GL8 Lushang will feature upgraded second-row independent seats with footrests, fixed armrests, and electric adjustment for significantly enhanced comfort. The new model brings over 270 comprehensive upgrades for lower energy consumption, more luxury, and broader scenario coverage.
Malaysia to Receive MG's Premium IM Sub-Brand in Q3, IM6 and IM8 Previewed
Malaysia will receive MG's premium IM sub-brand in Q3, with the IM6 pure electric SUV and preview of the three-row IM8 luxury SUV. The IM8 measures 5,0852,0001,807mm with 3,060mm wheel base, based on the N-One e:. The exterior features angular design with a U-shaped full-width light bar and inverted-L headlights with multiple projectors. The IM sub-brand enriches MG's premium portfolio with extended-range electric and luxury positioning.
4
Geely Coolray Debuts in Indonesia, From ~RM75k
The main star at GIIAS 2026 is the Coolray—a Geely-badged Proton X50 from Malaysia—with current interior and powertrain but pre-facelift exterior. Price at RM75k-85k is much cheaper than Malaysia's RM89,800-113,300, with comparable specs but no quad pipes. Okavango was also shown, previewing future local entry. The competitive import pricing will reshape Indonesia's SUV market.
5
Deepal S05 Pre-Sale from 119,900 Yuan, 1,000 Yuan Deposit Redeemable for 2,000 Yuan
The new Deepal S05 opened pre-sale with 5 configurations priced 119,900-151,900 yuan, during July 30 10:00 to August 6 20:00. A 1,000 yuan deposit can be redeemed for 2,000 yuan in limited-time benefits. Optional packages include three 5,999 yuan options. Upgrades focus on exterior and interior design, with new LiDAR hardware and upgraded advanced driver assistance systems.
6
iCaur V27 ASEAN Debut, REEV Fast Charge 10-80% in 17 Minutes
iCaur V27 makes ASEAN debut at GIIAS 2026 with Indonesia order books now open. Display car is left-hand drive with prototype material labels. Dimensions 5,0451,9761,894mm, wheelbase 2,900mm. REEV supports 100kW DC charging, 10-80% in 17 minutes. The V27's spacious cabin and fast-charging capability position it as a promising premium EV SUV option in Southeast Asia.
Copyright © RUNTO TECH LIMITED. All rights reserved.