For a sheet metalforming powerhouse like AIDA, Mr Yap Teck Meng, CEO of Greater Asia Region looks miles beyond for opportunities, and still has a firm grip on Thailand’s automotive manufacturing hub despite speed bumps from the pandemic. APMEN learns more.
The rapidly accelerating automotive industry is hardpressed for new developments and electric vehicle release. A major challenge today is the need to meet the increased demand for eMobility precision. ZEISS has just the solutions.
VinFast will face competition on home ground when Chinese electric vehicle (EV) maker BYD Auto Co builds a plant in Vietnam to produce car parts, Reuters learnt — in a move that would reduce the company’s reliance on China and deepen its supply chain in Southeast Asia as part of a global expansion.
Chinese EVs are affordable for customers in Southeast Asian nations and Chinese EV makers have few competitors there. Asean countries are now target markets for Chinese EV companies whose cars range from RMB 100,000 — 200,000.
Many are turning to electric vehicles (EVs) as a way of reducing carbon emissions. Global efforts to diversify supply chains combined with the drive to adopt green technology have left an opportunity for EV production ripe for the taking, especially in Southeast Asia.