THURSDAY, March 28, 2024
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Auto production down 59% in June but demand for e-vehicles skyrockets

Auto production down 59% in June but demand for e-vehicles skyrockets

Registration of new electric vehicles is rising despite a 59 per cent fall in June’s auto manufacturing output, the Thailand Automotive Institute reports.

A total of 71,704 cars rolled off the production line in June, 59 per cent down from the same period last year due to falling domestic demand, with cars under 1,500cc seeing the biggest drop of 33 per cent, said the institute’s Next Generation Automotive Research Centre.
“However, registration of new vehicles in the battery electric vehicle (BEV) category rose 107 per cent for cars and 517 per cent for motorcycles as new manufacturers entered the e-motorcycle market this year,” said the Centre. “Registration of new hybrid electric vehicles (HEV) and plug-in hybrid electric vehicles (PHEV) dropped by 47 and 29 per cent respectively due to limited supply and no new models being introduced this year.”
Total export of cars in June also dropped 49 per cent year on year amid falling orders from the three biggest markets of Australia/Oceania (33 per cent drop), Asia (56 per cent drop) and the Middle East (14 per cent).
In the first half of 2020, Thailand produced 606,132 cars, 43 per cent fewer than last year; sold 328,640 new cars (37 per cent down on last year); and exported 350,550 cars – 37 per cent down.
As for motorcycles, in June Thailand manufactured 75,819 units, a 2 per cent fall year on year, and exported 17 per cent fewer bikes than the same period last year due to lower demand in the two biggest markets, Vietnam and Myanmar.

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