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The EV supply chain in Southeast Asia has grown mature with Thailand and Indonesia becoming the major players in the ecosystem. With Thailand s subsidy policies helping boost local EV sales, many Chinese automakers including Great Wall Motor (GWM), SAIC Motor, and BYD are also planning to establish production lines in Thailand for making BEVs and should turn the country into a key EV market before 2030, according to DIGITIMES Research s study on Southeast Asia s EV industry. ....
As the automotive industry embraces EVs, commercial vehicle electrification has become critical. Known as a luxury passenger EV maker, US-based Karma Automotive has also been scaling up its B2B business, especially for commercial vehicles. It said the market holds great potential. ....
Hon Hai Precision Industry (Foxconn) expects to kick off commercial production of its new Model C series electric vehicles (EV) in 4Q23, with models in the US$30,000 price range to follow. ....
The shortages of automotive chips have been improving since the fourth quarter of 2022, while Tesla s plan to significantly cut its SiC consumption is unlikely to undermine the SiC product market s potential, according to DIGITIMES Research s findings. ....