China’s EV makers are facing a reality check in Southeast Asia

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Bangkok Post 12h ago

China’s EV makers are facing a reality check in Southeast Asia - Bangkok Post

Quick Summary:

On a recent Thursday morning in Hanoi, Chinese electric vehicle giant BYD began the day with a showroom devoid of customers.

Just a few kilometres away, a dealership for upstart Vietnamese EV maker VinFast Auto was buzzing, with would-be buyers pouring over new models.

Chinese automakers are also building production facilities across the region, like BYD’s $1.3 billion plant in Java in Indonesia that’s expected to start operations in January next year.