Domestic car production in Vietnam is estimated at 388,500 units in 2024, marking a 27% rise from 2023, according to the General Statistics Office.

Domestic car production in Vietnam is estimated at 388,500 units in 2024, marking a 27% rise from 2023, according to the General Statistics Office.

Domestic car production this year has reached a new high with 38,200 cars assembled in October, according to data released by the General Statistics Office (GSO) on November 6.

The Federation of Thai Industry (FTI) has reduced its car production target for 2023 to 1.9 million units from 1.95 million units set at the beginning of the year, due to a drop in domestic vehicle sales and an increase in electric vehicle (EV) imports from China.

Japanese carmaker Toyota is planning to invest 2 billion USD in developing electric vehicles (EV) in Indonesia in the next five years.

A recent online meeting between Vietnamese Deputy Prime Minister Trinh Dinh Dung and his Russian counterpart Dmitry Chernyshenko has aroused the Russian media’s interest in the country’s potential automobile cooperation with Vietnam and the possibility of bringing Russian cars to the ASEAN market through the Southeast Asian nation.

PT Toyota Motor Manufacturing Indonesia (TMMIN) is ready to start battery electric vehicle (BEV) production at its factory located in Karawang, West Java, though its type had yet to be made public, Indonesia’s Antara News Agency reported.

The automobile market is expected to change dramatically from now to the end of this year as the production of cars in Vietnam starts to recover.

Thailand's automotive industry members have voiced readiness to push Thailand to becoming an eco-friendly base for automobile production.

Indonesia has the opportunity to replace Thailand as the automotive production hub in ASEAN, Indonesian news agency Antara quoted Ipsos Business Consulting Firm as saying.

Renault Russia has begun exporting cars assembled in Moscow and Tolyatti to Vietnam, according to reports on February 26.