ASEAN Electric Vehicle News

Recent industry report about ASEAN Electric Vehicle company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ ASEAN Electric Vehicle Market industry experts.

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ASEAN Electric Vehicle News

  • July 2022: BYD launched the ATTO 3 SUV in Singapore. The ATTO 3 has a basic 150kW motor that allows it to sprint from 0 to 100 km/h in 7.3 seconds. The EV has a range of 480 km on a single charge.
  • March 2022: Volvo launched its electric car C40 in Thailand. The car will be imported from the Chinese plant, priced at 2.75 million baht.
  • January 2022: Toyota planned to introduce the BZX4 electric SUV in Thailand and Singapore by the end of 2022.
  • December 2021: BMW Group Asia launched the first-ever BMW iX and new BMW iX3 electric cars in Singapore.

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  • November 2022: Toyota South Africa Motors (TSAM) announced the importation of several RAV4 Plug-In Hybrid Vehicles (PHEV) to test customer response, vehicle behavior, infrastructure requirements, and other technical aspects, as well as educate customers on plug-in technology. It is also the second phase of TSAM's New Energy Vehicle (NEV) roll-out strategy, following the hybrid vehicle expansion strategy across Toyota's mainstream product lines.
  • November 2022, The Almaz Hybrid, previously displayed at the Indonesia Electric Motor Show (IEMS) 2022 event, was officially launched by Wuling Motors in Indonesia.
  • October 2022,: BYD announced that it had opened its first store in Brasilia, Brazil's capital, in collaboration with Saga Group, the country's largest dealer. In Brazil, BYD has introduced the Tang EV luxury battery-electric SUV, the Han EV battery-electric sedan, the D1, and the Song PLUS DM-i hybrid SUV, which will go on sale soon.
  • In October 2022, Korea Fuel-Tech Corporation invested USD 10 million in the construction of a new plant in Auburn, Alabama, the United States. The new plant will produce carbon canisters and hybrid vehicle fuel systems.
  • November 2022: According to BYD's official Weibo account, BYD's new luxury car brand is called "Yangwang." It will have a new and independent team for branding, products, sales and services network, and operation, with products expected to be officially launched in Q1 2023.
  • August 2022: Infiniti announced the official launch of the QX55, an all-new luxury SUV, in China at the 2022 Chengdu Motor Show. It will be sold as an imported model in the country. It is available in four variants (one FWD and three AWD), with prices ranging from CNY 389,800 (USD 55,987.36) to CNY 475,300 (USD 68,267.81).
  • August 2022: In Wuhan, Hubei Province, Dongfeng Motor Company Limited (Dongfeng Motor) held a press conference. Dongfeng Motor introduced Mengshi, a luxury off-road EV (electric vehicle) brand, and its exclusive "M" logo at the conference. The Mengshi brand's first model will hit the market in 2023.
  • April 2022: Nissan Motor Co. invested 1.3 billion reais (USD276.12 million) in its plant in Resende, Brazil, and in launching new products between 2023 and 2025.
  • January 2022: Link, a United States-based electric vehicle manufacturer, built a factory in the Mexican state of Puebla. A total of USD 265 million was invested in this production system.
  • January 2022: Great Wall Motors announced investing USD 1.81 billion to manufacture electric vehicles in Brazil over the next decade in the factory acquired by Daimler AG.
  • June 2023: Volkswagen Commercial Vehicles is expected to conduct autonomous driving testing using the self-driving all-electric Volkswagen ID. The testing program has already been launched in Texas, United States, at Volkswagen Group of America (VWGoA) alongside European centers. The company's aim is to expand commercially available transport services and the Volkswagen Group's mobility options.
  • December 2022: Mercedes-Benz announced that a memorandum of understanding (MoU) was signed by Mercedes-Benz Vans with the Polish government and other partners to build a new van production plant at the Jaworlocation. The first entirely electric facility will be Mercedes-Benz vans.
  • December 2022: Mercedes-Benz and Rivian signed an MOU for a strategic partnership and joint production of electric vans. Starting in a few years, the companies intend to establish a new joint venture manufacturing company with the goal of investing in and operating an existing Mercedes-Benz site in Central/Eastern Europe to produce large electric vans for both Mercedes-Benz Vans and Rivian.
  • October 2022: GMC unveiled the first-ever Sierra EV pickup truck as part of its all-electric truck lineup. The electric truck line, led by the 2024 Sierra EV Denali Edition 1, offers 400 miles of range on a full charge and unique features made possible only by its dedicated EV truck platform.
  • May 2022: The Indonesian division of used automotive marketplace Carsome signed a collaboration agreement with Indonesian Bank Jago Tbk for automotive financing to support Carsome Indonesia's business, which focuses on buying and selling used cars online.
  • November 2021: Hyundai introduced the Hyundai Smart Deal, an innovative financing solution that enables customers to own a Hyundai car with significantly reduced costs of up to 50%. The program offers worry-free maintenance benefits and guarantees a remarkable 70% resale value when trading in the vehicle for a new Hyundai car after completing the last installment.
  • September 2021: Mobil88 unveiled the Mo88i application, revolutionizing the process of buying and selling used cars. Mo88i serves as a reliable and efficient platform, streamlining every step, from car inspections to estimated bid prices and concluding with hassle-free financing and vehicle insurance submissions. This user-friendly application ensures a trusted, easy, and fast experience for both buyers and sellers, simplifying the journey of purchasing or selling used cars with unparalleled convenience.
  • In September 2022, GreenPower Motor Company Inc., a leading manufacturer and distributor of zero-emission, electric-powered, medium and heavy-duty vehicles, announced the launch of its West Virginia state pilot project to demonstrate all-electric school buses in West Virginia school transportation operations, beginning with Cabell, Kanawha, and Mercer Counties.
  • In August 2022, Swedish-Kenyan mobility company ROAM has announced the launch of the first all-electric bus built for local transport in Africa, following the launch of the first production model of an electric motorcycle. ROAM Rapid is an electric bus specifically designed to meet the unique challenges of public transport in Nairobi and across Africa.
  • In March 2022, Ho Chi Minh City (HCMC) launched its first e-bus line of 29 km operated by Vinbus. The fare is only 3,000-7,000 VND per trip, and the elderly, disabled, and children under 1.3 meters ride for free.
  • March 2022: Proterra Inc announced a strategic, multi-year supply agreement with The Shyft Group to power their Blue Arc purpose-built electric delivery van and electric vehicles (EV) chassis.
  • In September 2022, GreenPower Motor Company Inc., a leading manufacturer and distributor of zero-emission, electric-powered, medium and heavy-duty vehicles, announced the launch of its West Virginia state pilot project to demonstrate all-electric school buses in West Virginia school transportation operations, beginning with Cabell, Kanawha, and Mercer Counties.
  • In August 2022, Swedish-Kenyan mobility company ROAM has announced the launch of the first all-electric bus built for local transport in Africa, following the launch of the first production model of an electric motorcycle. ROAM Rapid is an electric bus specifically designed to meet the unique challenges of public transport in Nairobi and across Africa.
  • In March 2022, Ho Chi Minh City (HCMC) launched its first e-bus line of 29 km operated by Vinbus. The fare is only 3,000-7,000 VND per trip, and the elderly, disabled, and children under 1.3 meters ride for free.
  • March 2022: Proterra Inc announced a strategic, multi-year supply agreement with The Shyft Group to power their Blue Arc purpose-built electric delivery van and electric vehicles (EV) chassis.
  • August 2022: Ashok Leyland announced to launch an electric light commercial vehicle in India by the Mid of 2023.
  • May 2022: Tata Motors signed a strategic Memorandum of Understanding (MoU) with leading e-commerce companies and logistics service providers Amazon, BigBasket, City Link, DOT, Flipkart, LetsTransport, MoEVing, and Yelo EV. Through this MoU, the company will deliver 39,000 ACE electric vehicles to all the logistics service providers.
  • May 2022: Tata Motors launched the Ace EV, the electric version of the popular Ace truck. The company has entered the upcoming segment of small electric trucks for freight delivery in the country. The new vehicle has powered by a 27kW (36hp) motor with 130Nm of peak torque and has a range of up to 158 KM on a single charge.
  • February 2022: BYD unveiled a new all-electric Type A school bus in the United States. The battery-powered bus is available in three different lengths 26.7 feet (8.1 meters), 24.5 feet (7.45 meters), and 22.9 feet (7 meters), making it suitable for routes with fewer students. In addition, the BYD Type A is fitted with Predictive Stop Arm, which monitors approaching traffic and notifies students as they exit the bus when it is safe to cross.
  • June 2022: The United Arab Emirates' Ministry of Energy and Infrastructure (MoEI), Audi Middle East, and Siemens signed an agreement to cooperate on boosting electric vehicle (EV) charging capacity on federal roads and increasing adoption of EVs across the country.
  • March 2022: Audi Middle East announced its collaboration with the Museum of the Future in Dubai, United Arab Emirates. Through this collaboration, Audi Ag will convey its electrification and sustainability plans, which mirror the future-forward mission of the UAE.
  • January 2022: DAIMLER AG subsidiary Mercedes-Benz has launched all-electric EQB SUV in 2022. It provides 2 models for the U.S. market such as Exclusive and Pinnacle.
  • December 2022: The company has announced the launch of Tiger 1200 in India. It was equipped with technologies such as a blind-spot radar system, showa semi-active suspension set-up, a seven-inch TFT display, as many as six riding modes, and a keyless system.
  • October 2022: The company has launched the new Dominar 400 upgrade. The sports tourer gets factory-fitted touring accessories and is tailormade for riders who prefer strong touring essentials.
  • August 2022: Yamaha Motor Pvt. Ltd. introduced an exciting line-up of 2022 Monster Energy Yamaha MotoGP Edition models in India. These models include the Supersport YZF-R15M, the Dark Warrior MT-15 V2.0, the Maxi-sports Scooter AEROX 155 and the RayZR 125 Fi Hybrid scooter.

ASEAN EV Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)