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06.06.25 - 00:51
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China Automakers Are Overtaking Japanese Competitors In Thailand (ZeroHedge)
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China Automakers Are Overtaking Japanese Competitors In Thailand
Japan's hold on Thailand's auto market is quickly slipping as Chinese brands make big gains. Japanese automakers' market share fell to 65% in April—down over 10 points from a year earlier and far below the ~90% they once enjoyed, according to Toyota Motor Thailand data.
Meanwhile, six Chinese-owned brands doubled their share to a record 24%, led by BYD at 14%, according to Nikkei.
While Thailand's auto market grew just 1% year-on-year to 47,193 vehicles—thanks to a boost from the Bangkok International Motor Show—sales are being held back by high household debt and tough auto loan approvals, keeping monthly sales at around 40,000 units. Even pickup truck sales, the “national car,” have slumped 21%.
Toyota's April sales fell 8% but it still led with 38% share. Isuzu dropped 18% to 12% share, Honda's sales plunged 42% to 7% share, and Mitsubishi's sales fell 21% to 4%.
Nikkei writes that Chinese automakers saw huge...
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27.05.25 - 10:15
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Research: M Stanley Lists Asia Pacific Ex-JP Focus List (Table) (AAStocks)
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Hong Kong-listed stocks BYD COMPANY (01211.HK) HKT-SS(06823.HK) TENCENT (00700.HK) ZIJIN MINING (02899.HK)Other regional stocks KWEICHOW MOUTAI(600519.SH)INOVANCE TECH(300124.SZ) Australia's AGL Energy Ltd(AGL.AX) India's Bajaj Finance(BJFN.NS) Australia's Coles Group(COL.AX) Taiwan's Delta Electronics(2308.TW) I......
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10.05.25 - 02:24
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China Auto Part Makers All Of A Sudden Triple In Thailand (ZeroHedge)
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China Auto Part Makers All Of A Sudden Triple In Thailand
Chinese auto parts makers have tripled their presence in Thailand with the arrival of BYD and other car brands, transforming the country into a key supply base for Asian markets, according to Nikkei.
And we can't help but notice the timing - with tariffs on goods coming from China through the roof - seems to be...coincidentally beneficial for Chinese corporations.
In the Eastern Economic Corridor, about two hours from Bangkok, new factories are rapidly rising. Battery maker Sunwoda Electronic is investing over $1 billion to build a lithium-ion battery plant, with mass production set for 2025. Battery cells will be made locally, and a Thai official noted it's likely to become Southeast Asia's first plant producing batteries from cells.
More than 20 Chinese auto brands, including BYD and Great Wall Motor, have entered Thailand.
BYD's factory, which began production in July 2024, is becoming the hub of a growing supply chain. Alongsi...
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16.01.25 - 00:03
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NEURA Robotics Secures €120 Million in Series B Funding to Propel Cognitive and Humanoid Robotics Vision (Business Wire)
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METZINGEN, Germany--(BUSINESS WIRE)--NEURA Robotics, cognitive robotics pioneer and the only humanoid robotics company in Germany, today announced it has raised €120 million in a Series B funding round. This substantial investment underscores NEURA Robotics' key role in cognitive robotics, showing how it is uniquely positioned to lead the European robotics industry and become a major force in the global robotics landscape, alongside strong players in the US and China.
The round was led by Lingotto Investment Management, with participation from BlueCrest Capital Management, Volvo Cars Tech Fund, InterAlpen Partners, Vsquared Ventures, HV Capital, Delta Electronics, C4 Ventures, L-Bank, founder David Reger, and others.
Founded in 2019, NEURA Robotics has quickly become a global leader in cognitive and humanoid robotics, creating robots designed to work seamlessly with humans in industries such as manufacturing, logistics, and healthcare. With its unique sensor technology and AI integration, NEURA Robotic...
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15.01.25 - 13:01
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Led By Toyota, Will The Next EV Boom Be In Thailand? (ZeroHedge)
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Led By Toyota, Will The Next EV Boom Be In Thailand?
Japanese and Chinese automakers are vying for influence in Thailand, often called Asia's Detroit, as Chinese EV sales wane, according to a new report from Nikkei Asia this week.
Last month, Toyota Chairman Akio Toyoda met Thai Prime Minister Paetongtarn Shinawatra in Bangkok to discuss strengthening the country's auto industry, highlighting its role as a production hub. The Prime Minister expressed interest in supporting hybrid vehicle development through potential government initiatives.
"With demand for EVs slowing, Toyota sees this as a great opportunity to ramp up its lobbying efforts," one Japanese government source in Thailand said.
"Toyota is one of the only companies that can lobby such a wide range of figures, including prime minister and other politicians affiliated with former Prime Minister Thaksin Shinawatra, senior government officials like Industry Ministry Permanent Secretary Nattapol Rangsitpol, and infl...
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17.12.24 - 18:30
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Auto & Transport Roundup: Market Talk (WSJ EN)
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Find insight on buying 'Magnificient 7' stocks, the global auto market in 2025, Bangkok Airways, and more in the latest Market Talks covering the auto and transport sector...
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