Group 1 - The Thai government, led by Deputy Prime Minister and Finance Minister Pichai, has approved adjustments to the electric vehicle (EV) promotion measures EV3 and EV3.5, which will enhance incentives for EV production and exports starting in 2025 [1] - The new "production compensation coefficient" will allow manufacturers to count each electric vehicle produced as 1.5 vehicles for compensation purposes, aiming to boost EV exports to approximately 12,500 units in 2025 and 52,000 units in 2026 [1] - The registration period for EVs under the EV3 and EV3.5 measures has been extended by one month to facilitate businesses, with new deadlines set for sales and registration [1] Group 2 - In the first half of 2025, Thailand registered 57,289 new battery electric vehicles (BEVs), marking a 52% year-on-year increase and accounting for over 15% of total new vehicle registrations, the highest in ASEAN [2] - Cumulative registrations of passenger electric vehicles in Thailand have surpassed 203,000 units, with significant growth in other electric vehicle types, including 71,900 electric motorcycles and 3,800 electric buses and trucks [2] - A total investment of 137.698 billion baht has been made in the electric vehicle sector, covering production, key components, charging stations, and battery swap stations [2]

Core Insights - The electric vehicle startups Rivian and Lucid reported disappointing first-half results and provided a pessimistic outlook for the year due to changes in U.S. policies and trade tensions [1] Rivian Summary - Rivian's revenue for the first half of 2025 was $2.543 billion, with a net loss of $1.656 billion [1] - The company attributes its increased losses to a reduction in credit value, estimating a loss of about $300 million, with no further income from such sales in the second half [3] - Rivian's CEO noted that policy changes have led to increased costs, resulting in a significant drop in production [3] - The cost per vehicle reached $118,375, an 8% increase from the previous year [3] - Rivian expects adjusted core losses to be between $2 billion and $2.25 billion, up from a previous forecast of $1.7 billion to $1.9 billion [4] - The company anticipates record delivery volumes in the third quarter due to increased demand [4] Lucid Summary - Lucid's revenue for the first half of 2025 was $495 million, with a net loss of $905 million [1] - The interim CEO of Lucid expects weak demand for electric vehicles in the fourth quarter and has plans to attract consumers, though details were not disclosed [4] - Lucid's production has also been affected by China's restrictions on rare earth exports, impacting costs and profit margins [6]

Core Viewpoint - The article discusses President Trump's consultation with Elon Musk regarding the repeal of California's electric vehicle support policies, highlighting Musk's supportive stance as long as actions are applied equally [1] Group 1: Electric Vehicle Policies - President Trump has sought Elon Musk's opinion on the repeal of California's electric vehicle support policies [1] - Musk expressed that he would not oppose the policies as long as they are applied equally to all [1] - The interaction indicates a level of friendship and trust between Trump and Musk, with Musk being described as honest about his views on electric vehicle policies [1] Group 2: Musk's Behavior - Following the consultation, Musk's behavior was noted to be somewhat unusual [1]