Chinese EVs Take Over Southeast Asia, Leaving Japanese Brands Behind

What’s going on here?

Chinese EV makers like BYD are swiftly transforming Southeast Asia’s automotive landscape, ousting traditional Japanese brands.

What does this mean?

EV sales in Southeast Asia more than doubled in the first quarter of this year compared to last, while internal combustion engine (ICE) car sales dropped by 7%. Leading this surge are Chinese automakers like BYD and VinFast, who together account for over 70% of regional EV sales. Last year, Chinese brands comprised 75% of all EVs sold in the area. Thailand, a crucial auto…