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Chinese EV makers challenging market leaders at auto show in Bangkok

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Chinese electric vehicle makers are showcasing their latest models, including a flying car, as they take on global rivals at the Bangkok International Motor Show

A model stands next to CHANGAN's electric vehicle"Deepal LO7" during the 45th Bangkok Motor Show in Nonthaburi, Thailand, Tuesday, March 26, 2024. .

Tesla launched sales in late 2022, offering its popular Model 3 and Model Y at prices aimed at competing with rivals likeBYD, or Build Your Dreams, displayed a wide range of its EV lineup, including its Dolphin, a pure EV that it says runs 490 kilometers on a single charge and is priced at 859,999 Thai baht .

Also at the show: VinFast, a Vietnamese newcomer that says it plans to expand sales of its EVs to 50 countries by the end of this year. It is building or planning factories in the U.S., India and Indonesia.General MotorsThailand's market for EVs accounted for just 0.5% of all EV sales globally, but nearly 60% of EV sales in Southeast Asia in 2022, ahead of both Vietnam and Indonesia, according to market research firm Counterpoint Research.

 

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