Reported about 10 hours ago
Intense competition in China's electric vehicle market is impacting Thailand, with smaller brands like Neta struggling against larger players like BYD. Neta, which had high hopes for local production under government incentives, faces declining sales and financial challenges, raising concerns about Thailand's ambitious EV production goals aimed at reaching 30% by 2030. The pressure from a growing number of Chinese brands, alongside economic uncertainty, has compounded the difficulties in the local automotive market.
Source: YAHOO