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
Chery to Develop Europe-Specific Small City Car in France, Targeting Local Tastes
Chery, China's top car exporter, announced plans to establish an R&D center in Paris to develop a Europe-specific small city car tailored to local consumer preferences. The move marks Chery's strategic pivot from its SUV-focused European entry—via Omoda and Jaecoo brands—into the continent's iconic compact segment. "We want to build a French car for the French," stated Hanbang Yu, Chery France director, emphasizing the company's commitment to understanding regional design tastes. The initiative targets France's significant small car market, positioning Chery to compete against established European urban runabouts like the Fiat Cinquecento and Renault Twingo on their home terrain.
Proton eMas 5 Introduces New Jade Green Colour, Debuts at Penang Autoshow 2026
Proton eMas has added a new Jade Green colour option to the eMas 5 lineup, debuting at Penang Autoshow 2026. Lighter than the Emerald Green on the eMas 7, the new shade brings the total palette to six colours. Jade Green is available across all variants with Slate Grey interior at no extra cost. Pricing remains RM56,800 for the Prime and RM69,800 for the Premium (on-the-road without insurance). Both variants feature rear-wheel-drive single-motor setups—79 PS/130 Nm for Prime and 116 PS/150 Nm for Premium—with 30.12 kWh (225 km WLTP) and 40.16 kWh (325 km WLTP) LFP batteries respectively. Both support 30-80% DC fast charging in 20 minutes.
Leapmotor A05 Set for May Debut as Compact EV with 405 km and 510 km Range Options
Leapmotor's A05, the second model in its A series, is expected to debut in May with market launch anticipated in June. Positioned as a compact EV, the A05 measures 4,200 mm long with a 2,605 mm wheelbase, featuring the A-series design language with projector headlights and distinctive smiling taillights. Powertrain options include 70 kW and 90 kW motors paired with 39.8 kWh and 53 kWh batteries, delivering 405 km and 510 km CLTC range respectively. The model also offers optional LiDAR for advanced driver assistance capabilities.
4
Geely Boyue 10th Anniversary Champion Edition Revealed, Cumulative Sales Exceed 2.35 Million Units
Geely has unveiled the Boyue 10th Anniversary Champion Edition to commemorate a decade since the model's launch. As of March 2026, cumulative sales have surpassed 2.35 million units across 60+ countries and regions. The special edition retains the current design with a large shield grille, vertical chrome accents, and boomerang-style fog lamp trim, while adding an exclusive Time Blue paint option and 10th-anniversary commemorative badging. Dimensions remain 4,549 mm long with a 2,707 mm wheelbase, with upgrades focused on exterior and interior enhancements.
5
BMW iX1 L Officially Launched in Malaysia from RM252,800
BMW Group Malaysia has officially priced the iX1 L long-wheelbase electric SUV, with the sole eDrive20L M Sport variant retailing at RM252,800 on-the-road without insurance—over RM2,000 less than initially estimated. The CBU China-imported model benefits from favorable tax structures, contrasting with the German-built standard iX1. The package includes a standard eight-year/160,000 km battery warranty and two-year unlimited mileage vehicle warranty, with an optional five-year warranty and six-year maintenance plan at RM268,600. Power comes from a front-mounted single motor producing 204 PS and 250 Nm, achieving 0-100 km/h in 8.6 seconds and a top speed of 175 km/h.
6
Ferrari Purosangue Handling Speciale Revealed with Exclusive Performance Package
Ferrari has unveiled the Purosangue Handling Speciale optional package, optimizing mechanical and electronic system responses for a more dynamic driving experience while maintaining daily usability. Designed for customers seeking ultimate sporty performance alongside practical needs, the package features exclusive diamond-cut wheels, carbon fiber shield badges, matte black exhaust tips, black prancing horse emblems, matte satin Ferrari lettering, and dedicated interior plaques. Ferrari offers a seven-year scheduled maintenance program covering all routine servicing for its entire production range during the first seven years of ownership.
Copyright © RUNTO TECH LIMITED. All rights reserved.