Southeast Asia is witnessing a significant shift towards sustainable transportation, with Chinese electric vehicles (EVs) leading the charge. This trend underscores the region's commitment to environmental sustainability and technological advancement.
In 2023, Thailand's EV market saw an impressive 80% share for Chinese manufacturers, a number that is poised to grow further in 2024. This dominance highlights the growing trust and preference for Chinese EV technology among Thai consumers.
Indonesia, the largest economy in Southeast Asia, has become a focal point for Chinese EV giant BYD. On January 18, BYD officially entered the Indonesian market, aiming to establish itself as a market leader. In 2023 alone, BYD sold over 3.02 million EV units worldwide, including battery EVs and plug-in hybrids.
The rise of Chinese EVs in Indonesia is evident, with EV sales reaching 17,062 units in 2023, predominantly from Chinese manufacturers. This surge in demand signals a robust market expansion for EVs in Indonesia, with expectations of continued growth throughout the year.
The increasing presence of Chinese EVs across Southeast Asian roads not only contributes to reducing carbon emissions but also fosters technological collaboration and economic growth within the region.
Reference(s):
cgtn.com
