Car News_Automotive Industry News-Global NEVS

Thailand Sets New Localization Thresholds for Electric Vehicle Industry

Publish Date:2024/09/24

Sort:NEV

Brand:-

Country/Region:

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

Source:Paul Tan

Hot News

Kia Unveils Mid-to-long Term Product Roadmap, Multiple Facelift Models and All-new EV7 to Launch Sequentially

Kia has officially released its mid-to-long term product iteration roadmap. The all-new Sportage is scheduled to debut in 2027, the 5th-generation Sorento will enter production in 2028, and the next-generation Carnival will adopt a new 1.6T hybrid system with a hydrogen fuel cell variant launching in 2029. The new EV7, positioned as a pure electric mid-size SUV, will also be advanced simultaneously, covering ICE, hybrid and hydrogen powertrain paths.

Yangwang Altior Makes Global Debut in Abu Dhabi, Shanhe Dingyun Limited Edition Pre-sold at RMB 2.08 Million

On November 7, Yangwang's ultra-luxury executive flagship sedan Altior made its global debut in Abu Dhabi, UAE. Positioned as a full-size 4-seat executive sedan, it is equipped with the e-Platform 4 independent 4-motor system and 2nd-gen Blade Battery, delivering over 1000km CLTC range, and is the first production model carrying BYD's self-developed Xuanji A3 ADAS chip. The Shanhe Dingyun Limited Edition is now open for pre-order with a RMB 300,000 deposit, at a pre-sale price of RMB 2.08 million.

Honda CR-V All-round Glory Edition to Officially Launch on Nov 10, Focused on Family-oriented Upgrades

Dongfeng Honda CR-V All-round Glory Edition will officially launch on November 10. As a special annual facelift for the brand's 30th anniversary in China, it offers 5-seat and 7-seat layouts, retaining the proven 1.5T ICE and 2.0L hybrid powertrains, with systematic upgrades to the infotainment and comfort features, further strengthening its competitiveness in the RMB 150,000-200,000 joint-venture family SUV segment.

Honda All-new Avancier Official Teaser Images Released, Upgraded to Global 7-seat Hybrid SUV

Honda has released official teaser images of the all-new Avancier. Transformed from a China-exclusive model into a global 7-seat SUV, it is equipped with the new-generation HondaHybrid system, making its global debut at the Thailand Bangkok Auto Show on December 1, with production to be carried out in China and Thailand for global exports.

Nissan NISSANDAY to Be Held on Nov 13, PHEV Mid-size SUV NX7 Makes Official Debut

Nissan's NISSANDAY event will be held at Zhuhai International Convention and Exhibition Center on November 13. The 5-seat mid-size PHEV SUV Nissan NX7 will make its official debut, powered by a 1.5L PHEV system and 40.95kWh CATL LFP battery with maximum 225km EV range, equipped with LiDAR for urban NOA, scheduled to launch in Q4 2026.

BAIC Beijing Off-road Xingtan 5X to Officially Launch on Nov 12, Pre-sale Starts at RMB 139,900

BAIC Beijing Off-road's new mid-large boxy SUV Xingtan 5X is set to officially launch on November 12, with 7 variants now open for pre-order at RMB 139,900-184,900. It offers ICE, PHEV and BEV powertrains, equipped with Huawei ADS 5 Pro intelligent driving system, and features 228mm minimum ground clearance for both urban commuting and light off-road scenarios.