Capacity issues as Chinese EV makers shift production to ASEAN

Chinese EV makers are rapidly expanding production capacity in ASEAN to shift from exporting finished vehicles from China to local manufacturing. However, many new plants in Thailand and Indonesia are underutilised due to weaker than expected demand and intense competition among Chinese brands, though local content regulations and tax incentives may increase utilisation over time.

This Wire brief sits within Fusion42's coverage of Electric Vehicles.