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.

Advanced Electric Machines Ltd (AEM) based in Washington, UK, has announced it has signed a Memorandum of Understanding with Cho Thavee Public Company Limited (CTV) of Khon Khaen, and ASIA CAB Co of Bangkok, for the development of a retrofit solution that will enable ICE cars to be electrified with AEM motors.

The Thai commercial vehicle market over 2 tons gvw declined by a further by 12% to 113,953 in the fourth quarter of 2021 from an already weak 129,470 units in the same period of the previous year, according to data and some estimates from industry sources compiled by www.AsiaMotorBusiness.com. 

Sales of pickup trucks, excluding passenger vehicle derivatives, declined by over 14% to 100,846 units in the fourth quarter of 2021 from 117,481 units a year earlier, resulting in full-year sales falling by 6.5% to 341,343 units from 364,883 units in 2020. The performance of segment was affected by sluggish domestic economic activity, which was affected by covid outbreaks particularly in the second half of the year.

The Thai market for commercial vehicles over 2 tons gvw declined by over 24% to 81,585 units in the third quarter of 2021 from an already weak 65,795 units in the same period of last year.