Automobile

The move is, however, not seen as a downsizing.

Japanese automaker Honda Motor has announced it will cut production capacity in Thailand by 50%, citing fierce competition from Chinese counterparts.

The Thai electric vehicle (EV) industry would not face oversupply issues as automakers plan to sell the EVs both in the domestic and overseas markets, the Board of Investment (BOI) said on Thursday.

Thai production facility to start operating by November, the aim is to produce 50,000 units per year

FTI puts restructuring down to changes in market trends

The chairman of BYD has assured Prime Minister Srettha Thavisin that the company will appropriately manage promotions and pricing adjustments in reaction to a recent controversy that has led to the Thai government opening an inquiry.

Economists warn that falling car prices reflect weakening purchasing power and increased risk of vehicle repossessions

A legal expert said on Thursday that the discount campaigns by BYD Auto did not violate the law because it was not made to annihilate smaller competitors.

BYD's first factory outside China officially started operations on Wednesday at the WHA Industrial Estate in Rayong, with the potential to create 10,000 jobs.

The Thailand Consumers Council on Thursday called on BYD Auto to compensate its customers who had bought its battery electric vehicles shortly before it announced price discount campaigns.

PM’s Office Minister Jiraporn Sindhuprai has instructed the Office of the Consumer Protection Board to conduct an investigation into the latest discount campaigns of Chinese electric vehicle manufacturer BYD Auto.

Used Car Dealers Association vice president warns of further turbulence in prices as new EV brands enter the market

If they are to survive in the declining automotive industry, auto parts makers must diversify and transition to producing for other supply chains