Thailand Facing EV Price War After Flurry of Chinese Investment

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Thailand Facing EV Price War After Flurry of Chinese Investment - Asia Financial

Quick Summary:

Carmakers of both EVs and Japanese firms like Toyota have had to offer big discounts as they are locked in a bruising price war, while the economy is sluggish

The post Thailand Facing EV Price War After Flurry of Chinese Investment appeared first on Asia Financial.

Thai auto production dropped for the 17th consecutive month in December because of weak demand at home and abroad.Vehicle exports fell 8.8% in 2024, while domestic sales plunged 26%, the lowest in 15 years.