2024 Cybersecurity Asia Conference – Kuala Lumpur, October
- Thailand: China’s BYD EV giant to open first SEA factory in Thailand’s Rayong province, a $486M facility producing 150,000 vehicles per year / full item
Chinese makers have made rapid inroads into Thailand’s auto market thanks in part to low trade barriers. The Thai government offers reduced tariffs on finished cars and components imported by EV makers while they build local factories.
On average, imported cars have comprised at least 30% of vehicles sold in Thailand each month this year.
At the end of last year, BYD had clinched 40% of the local EV market, helped by generous price offers and slick marketing by its official Thai distributor, Rever Automotive. Chinese peers Neta and Great Wall Motor trailed at 17% and 16%, respectively.
- An overview of the recent Krungsri-organised Japan-ASEAN Startup Business Matching Fair 2024 which showcased more than 60 startups from 6 countries, and the new ASEAN LINK business growth service / full item
- Malaysia: Digital Penang unveils Market Access Thailand program, aiming to intro Penang startups to the Thai market / full item
“The five selected startups are among the most promising in Penang, and this year’s program will see Digital Penang forging collaborative relationships with key ecosystem developers in Thailand, including Techsauce and True Digital Park.”
“By partnering with these prestigious Thai institutions, we provide our startups with essential local expertise, mentorship, and connections, paving the way for a successful market entry,” he said when delivering his speech during the announcement of Market Access: Thailand in Wisma Yeap Chor Ee here today.”
KPMG: Navigating the future of seamless commerce in Asia Pacific
