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singapore: byd won the first place in passenger car sales in the first half of the year, and sales of multiple brands increased year-on-year

according to data from the singapore land transport authority, byd sold a total of 2,587 passenger cars (only authorized dealer registrations were counted) in the first half of 2024, surpassing bmw, mercedes-benz and toyota (the top three in the traditional sales list) and becoming the champion of the passenger car sales list. byd sells atto 3, the new e6, seal and dolphin models in singapore, of which atto 3 sold 2,180 units, accounting for 84.3% of total sales.

opening new dealers, trying the "car lifestyle store" marketing model (combining car sales with catering services), and frequent road shows have all increased byd's exposure. after adding parallel importer sales to the statistics, toyota became the champion of the sales list, with a total of 3,165 vehicles sold, of which hybrid models accounted for 82.9%.

in addition, the sales of the top ten brands on the list have increased significantly compared with the first half of 2023. byd achieved a 613% sales growth, and its model registrations accounted for 13.9% of the total new cars registered in singapore in the first half of the year. tesla and hyundai registrations more than doubled year-on-year, kia and bmw achieved nearly 50% sales growth, while toyota and mercedes-benz sales also increased by 10%.

thailand: changan automobile's new energy manufacturing plant is expected to start production next year

changan automobile recently announced that the construction of its first overseas new energy base, the new energy manufacturing plant in thailand, is proceeding smoothly as planned. the thailand manufacturing plant is changan automobile's first plant in southeast asia. located in rayong province, it is positioned as changan automobile's global right-hand drive hub and will produce pure electric vehicles, plug-in hybrid vehicles and extended-range electric vehicles for its brands and sell them in thailand and other export markets such as malaysia.

shen xinghua, managing director of changan automobile southeast asia, said the plant is expected to start producing pure electric vehicles in march 2025. the new plant, which costs more than 10 billion baht (about 2.1 billion yuan), is expected to have an annual production capacity of 100,000 vehicles in the first phase, and will gradually increase to 200,000 vehicles per year by 2026.

the plant broke ground in november 2023 and is currently 80% complete, including the main structure and paint shop. after completion, it will cover an area of ​​more than 400,000 square meters and have a 3,000 square meter parts warehouse capable of storing more than 40,000 parts of more than 2,000 types, ensuring that 95% of the country's demand can be met within 24 hours.

vietnam: 91,000 original cars were imported in the first seven months, up 14.8% year-on-year

according to statistics from the general department of vietnam customs, vietnam imported 17,233 original cars in july, an increase of 8.5% from the previous month. from january to july, a total of 91,637 original cars were imported, an increase of 14.8% year-on-year, the second highest in the same period in history. among them, 74,601 imported cars with less than 9 seats accounted for 80% of vietnam's total car imports, an increase of 17.2% year-on-year.

in the first seven months, vietnam imported original cars mainly from indonesia and thailand. among them, 38,040 vehicles were imported from indonesia, an increase of 29% year-on-year; 32,717 vehicles were imported from thailand, a decrease of 9.3% year-on-year. in addition, the number of cars imported by vietnam from china is also increasing. in the first quarter of 2024, vietnam imported 5,821 complete vehicles from china, accounting for 18% of the country's total car imports.

indonesia: has the opportunity to surpass thailand and become the largest automobile producer in southeast asia

according to indonesian media reports, yannes martinus pasaribu, an automotive expert and scholar at the bandung institute of technology, said that indonesia is expected to surpass thailand and become the leader of the automotive industry in southeast asia. although global economic growth is under pressure, indonesia has a large middle-income population and huge domestic market development potential. at the same time, indonesia has abundant raw materials for nickel-manganese-cobalt (nmc) batteries and has huge room for development in electric vehicles. if indonesia can become the leader in electric vehicle production in southeast asia, it will have a greater chance of surpassing thailand.

however, automotive experts also pointed out that many challenges must be addressed to surpass thailand. for example, the government must introduce incentives to increase the quantity and quality of local parts production in order to compete with imported products; it also needs to increase budget allocations for research and development in the automotive industry; encourage local companies to produce cars with the same or even better quality as imported products; the government also needs to simplify regulations related to the automotive industry and provide adequate protection for the domestic industry from unfair competition.

the indonesian ministry of industry said it will continue to encourage automakers to use more local parts, reduce dependence on imports, and support domestic suppliers, which will not only benefit the country's economy, but also improve the resilience of the supply chain and create long-term benefits for the industry.