Group 1 - The ASEAN market is increasingly focused on electric vehicles (EVs) that are "electrified," "intelligent," and "cost-effective," presenting significant opportunities for Chinese EV manufacturers [1] - The International Energy Agency projects nearly a 50% increase in electric vehicle sales in Southeast Asia by 2024, indicating a growing acceptance of EVs among the local population [1] - SAIC-GM-Wuling has established a strong presence in the ASEAN market, with over 37% market share in Indonesia's EV sector, leveraging local production to reduce costs [1] Group 2 - Guangxi Automobile Group is actively expanding in ASEAN, with a new representative office in Vietnam focusing on market research and supply chain coordination [3] - Dongfeng Liuzhou Automobile Company has over 30 years of experience in the ASEAN market and plans to establish assembly plants in four countries, targeting a total production capacity of 30,000 units [3] - Dongfeng Liuzhou has introduced the new energy heavy truck, the Lingyu Wei 5, designed for long-distance logistics, featuring rapid charging capabilities and low energy consumption [4] Group 3 - SAIC-GM-Wuling is investing in high-cost performance models and collaborating with Huawei to advance smart driving technology [4] - Guangxi Automobile Group is innovating in the EV segment with customized services, showcasing the G050 micro electric logistics vehicle as a mobile coffee shop, catering to local preferences and enhancing accessibility [4]