Sales of commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, fell by over 2% year-on-year to 372,543 units in the first quarter of 2023 after growing just 1.6% to 364,641 units in the fourth quarter of last year.

The market continued to decline despite a pick-up in economic growth to 2.7% year-on-year in the first quarter after slowing to 1.4% in the fourth quarter of last year.

Inchcape is a London, UK-based distribution company, which already sells Jaguar and Land Rover passenger vehicles in Thailand through separate dealer networks.

Foton announces expansion plans in Thailand.

Beijing has a joint sales company in Thailand with which it plans to develop the assembly plant.

The Thai CV market in 2022 despite a weak last quarter finished 2022 up 13%.

The seven major markets of East Asia (excluding China) has grown by 125,000 commercial vehicles in the last two years.

Energy Absolute continued its expansion into the zero-emissions vehicle market with the launch of a new battery-powered small truck in the local market.

Thai demand CV enjoys steady growth in 1H/2022 after a decrease in 2021.

UD Trucks actions decarbonisation plan with installation of solar panels.

In the first half of 2022, regional sales rose by 2.5% to 703,309 units, although the CV performance of the seven different markets in the region (excludes China) was either very positive or extremely negative.

Horizon Plus buys land in Bangkok, Thailand to build e-buses.