Core Insights - The ASEAN automotive market is becoming a global hotspot, with significant growth potential driven by increasing consumer awareness and acceptance of electric vehicles (EVs) [3][4][11] Market Growth - The International Energy Agency projects that EV sales in emerging markets in Asia, Africa, and Latin America will approach 600,000 units in 2024, marking a 60% year-on-year increase, with Southeast Asia's EV sales expected to grow nearly 50% [3] - By 2035, the total sales of EVs in Southeast Asian countries like Indonesia, Malaysia, Thailand, and Singapore are expected to rise from $2 billion in 2021 to between $80 billion and $100 billion [4] Regional Performance - The ASEAN automotive market has shown strong vitality, with countries like Vietnam and the Philippines experiencing sales growth of 9.2% and 7.7% respectively, despite fluctuations in markets like Indonesia and Thailand [4][5] - The region is projected to become the fifth-largest automotive market globally, driven by rising income levels and urbanization [5] Competitive Landscape - Global automotive brands are intensifying their strategic presence in the ASEAN market, with Chinese automakers achieving notable sales increases in countries like Thailand and Indonesia [6][7] - Traditional automotive powerhouses from Japan and South Korea are also enhancing their market strategies, leveraging established brand reputations and expanding their product offerings [7][8] Challenges and Opportunities - The ASEAN automotive market faces challenges such as insufficient EV charging infrastructure and reliance on imported auto parts, which can increase production costs and supply chain risks [9] - Experts anticipate a shift towards smart and green automotive solutions, with advancements in 5G and IoT technologies leading to the rise of intelligent connected vehicles [10][11] Future Outlook - The ASEAN automotive market is expected to accelerate towards intelligent and green development, with governments promoting charging infrastructure and battery recycling systems [10][11] - Companies must focus on localized development and address infrastructure challenges to capitalize on the growing market opportunities [11]
这一区域市场正在成为全球汽车竞逐的热点,原因何在?
Zhong Guo Qi Che Bao Wang·2025-09-18 08:40