Southeast Asia becomes Tesla's priority for expansion
Expansion into Southeast Asia is a priority of Tesla, Rohan Patel, a senior executive of the US automotive company, said on March 12, highlighting the fast-growing market where the company faces competition from China's BYD.
The Tesla Model Y and Model 3 are unveiled at Thailand Tesla's official launch event in Bangkok, Thailand, December 7, 2022. (Photo: Reuters.com)
Hanoi (VNA) – Expansion into Southeast Asia is apriority of Tesla, Rohan Patel, a senior executive of the US automotive company, said on March 12, highlighting the fast-growingmarket where ♌the company faces competition from China'sBYD.
In his recent post on the X social medial platform, formerly known as Twitter, the senior public policy and business development executive at Tesla said that Southeast Asia will undoubtedly be a major place of growth over the coming years in battery storage and electric vehicle adoption, noting that the region has emerged as one of the hottest EV markets inrecent years and could offer Tesla a large customer base at a time when demandis slowing in the US. TheMalaysian government had last year given Tesla the license to sell its cars inthe country and said the firm would also establish a network of chargingstations there. Teslais also in talks for expanding its operations in other countries, including inThailand, which is Southeast Asia's largest car producer and exporter. AThai government official said earlier this month that the company had discusseda potential production facility after surveying a site late in 2023. However,Tesla's ambitions for Southeast Asia will face competition fromBYD, which has overtook rivals to account for more than a quarter of the EVssold in the region. Incontrast with Tesla's direct-to-consumer approach, BYD has partnered withlarge, local conglomerates that have allowed the carmaker to expand reach, testconsumer preferences and navigate complex government regulations in the region. TheChinese EV maker sold more than 26% of all cars in Southeast Asia's small butfast-growing EV market in the second quarter of 2023, while Tesla accounted forabout 8%, according to the Hong Kong-based industry analysis firm Counterpoint. EVs constituted 6.4% of allpassenger vehicle sales in the region in the quarter, up from 3.8% in thepreceding quarter./.
The market capitalisation of VinFast, the electric vehicle (EV) maker of Vietnamese conglomerate Vingroup reached 85 billion USD in its Nasdaq debut on August 15 with nearly 6.8 million shares changing hands.
The ASEAN electric vehicle (EV) market is projected to reach 2.7 billion USD by 2027, more than five times higher than 500 million USD in 2021, Malaysian Minister of Investment, Trade and Industry Tengku Zafrul Abdul Aziz has said.
Vietnam is experiencing a strong shift towards electric vehicles (EVs). The supportive and preferential policies implemented by the Government, such as the exemption of registration fees and reduction in special consumption tax for EVs, have played a significant role in promoting the adoption of this type of vehicle in the country.
The firefighters found an active blaze at the lorry depot located in the city of Pasir Gudang near the state capital of Johor Bahru, with flames spreading quickly due to strong winds and igniting a neighboring disused oil storage area.
Investigators believe the operation is part of a broader scam network involving romance scams, where victims are lured into fake relationships and persuaded to transfer money.
Ambassadors, Consuls General, along with staff and their families, joined traditional sports and cultural activities of Southeast Asia and performances bearing regional identity, thus contributing to strengthening unity and the ASEAN community spirit in New York.
In his post on social media the same day, Hun Manet said energy companies would be able to import sufficiently from other sources to meet domestic fuel and gas demands in the country.
The forum, which involves global experts and creative leaders from across 14 cultural sectors, aims to expand Thailand’s presence on the world stage through innovation and cultural exchange.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
The Tesla Model Y and Model 3 are unveiled at Thailand Tesla's official launch event in Bangkok, Thailand, December 7, 2022. (Photo: Reuters.com) 
