Looking ahead, the future of ASEAN new energy vehicle (NEV) production capacity will present a clear structural divergence:
Chinese brands will continue to dominate regional capacity additions. BYD, Chery, SAIC, GAC Aion, and others are set to complete capacity deployment and ramp-up in core markets such as Indonesia, Thailand, and Malaysia, becoming the core supply force for local manufacturing.
Japanese and Korean brands will rely on their existing internal combustion engine (ICE) production capacity to gradually advance electrification retrofitting, with NEV capacity being released in an orderly manner.
VinFast of Vietnam will leverage its home-market production capacity as a foundation, while continuously expanding its overseas footprint to build a regional supply network.
It is expected that as planned production capacity is delivered in a concentrated manner, the ASEAN NEV passenger vehicle market will accelerate its shift from import-driven growth to local-manufacturing-led development.
ThinkerCar Data
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