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Overseas Express: Thailand's new energy vehicle sales rise against the trend

2024-08-24

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Vietnam: Vehicle imports hit a record high in July, and the situation of domestically produced vehicles leading in sales has changed

Vietnam's General Department of Customs reported that in July, 17,233 vehicles were imported, with an import value of nearly $344 million. Compared with the previous month, the number of imported vehicles increased by 8.5% and the import value increased by 10.6%. This is the highest number of imported vehicles so far this year. As Vietnam's largest exporter of vehicles, Thailand delivered 8,981 vehicles, accounting for 52% of the total imports in July. Indonesia followed closely with 5,243 vehicles, while China contributed 2,524 vehicles.

In 2024, Vietnam imported a total of 91,637 vehicles, of which Indonesia took the lead in the export market, supplying 38,040 vehicles to Vietnam, with a value of more than US$557 million. Thailand followed closely with 32,717 vehicles, with a value of more than US$628 million. China ranked third with 17,235 vehicles, with a value of more than US$521 million.

With the surge in the number of imported vehicles, the situation in Vietnam's auto market where domestic car sales have been higher than imported cars for many years is being overturned. According to data from the Vietnam Automobile Manufacturers Association (VAMA), in the first half of 2024, the sales of domestic cars were 67,849 and the sales of imported cars were 67,035. The sales ratio of the two is close to 50:50. In the same period of 2023, the sales ratio of the two is 65:35, and in the same period of 2022, it is 66:34.

Thailand: New energy vehicle sales rose against the trend, with BYD dominating the list

In the first half of 2024, Thailand's automobile production and sales volume declined significantly year-on-year. The total production volume was 761,000 units, a year-on-year decrease of 17.3%, and the total sales volume was 308,000 units, a year-on-year decrease of 24.1%. However, new energy vehicles rose against the trend, with sales of 34,000 units in the first half of the year, a year-on-year increase of 6.9%, and a market penetration rate of 10.8%.

The ranking of pure electric vehicle registrations from January to June shows that 15 Chinese brand models entered the TOP20, and they occupied 9 of the top 10 places, with a significant advantage. BYD Dolphin ranked first with 6,394 units, BYD Seal ranked second with 4,270 units, Nezha V ranked third with 3,988 units, BYD ATTO3 ranked fourth with 3,958 units, and SAIC MG 4 Electric ranked fifth with 3,256 units.

As of the end of June, BYD has been the sales champion of pure electric vehicles in Thailand for 18 consecutive months, with a market share of 41%.

Indonesia: Hyundai Motor's public charging stations are not allowed to be used by other brands

Hyundai Motor Indonesia's official Instagram account announced that from August 2024, Hyundai (Car) public charging stations will only be used by Hyundai brand and its affiliated brands, and other brands of vehicles will not be able to use them.

It is reported that Hyundai has installed public charging stations in shopping malls and other places, some of which support ultra-fast charging. The 240kW ultra-fast charging gun installed in a square can charge the battery from 10% to 80% in about 18 minutes. Moreover, Hyundai's ultra-fast charging equipment has obtained IP54 certification, which can withstand water accumulation and can be used safely on rainy days.

Philippines: Charging fees increased, charging costs for electric car owners increased

Recently, the Philippine Department of Energy issued a notice on the adjustment of charging fees for national electric vehicle charging stations (EVCS) in August. The charging fee for AC chargers will increase by 0.39 pesos per kilowatt-hour. Electric vehicles using Type 1, Type 2 and GB/T AC standards will be affected. After the fee adjustment, the charging cost for relevant electric vehicle owners will reach 11.51 pesos per kilowatt-hour (about RMB 1.5).

However, electric vehicles using DC charging technology are not affected. Electric vehicles using the combined charging system (CCS) Combo 1, CCS Combo 2, GB/T DC and CHAdeMO standards will still maintain a charging fee of 31.48 pesos (about RMB 4) per kilowatt-hour. The new tariff applies to 623 charging points in the Philippines.