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China automakers doubled Thai market share in 2023 on EVs – Nikkei Asia

China automakers doubled Thai market share in 2023 on EVs – Nikkei Asia

 

PHUKET, Thailand — China’s share in Thailand’s new-auto market more than doubled to 11% in 2023 as electric-vehicle powerhouses like BYD weakened Japanese automakers’ grip.Thai sales of passenger cars and commercial vehicles totaled 775,780 units, down 9% on the year, according to nationwide data announced by Toyota Motor’s Thai subsidiary on Thursday. This includes companies outside the Toyota group. 

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