Story perspectives

Thailand's Auto Sector Faces Decline Amid EV Growth

8/26/2025

46 8

Summary

Story summary

Thailand's automotive sector experienced a 5.73% decline in car production year-on-year in early 2025, with an 11% drop in July.
Export demand is affected by US tariff uncertainties, resulting in a 13.27% decrease in July exports.
Electric vehicle sales are increasing due to government support for domestic production.
BYD's Thailand plant exported 959 electric vehicles to Europe, strengthening Thailand's position in the global EV supply chain.
The Finance Ministry's 5 billion baht fund for pickup loans has had limited impact, with only 100 vehicles sold.

1 of 1

Story summary

Thailand's automotive sector experienced a 5.73% decline in car production year-on-year in early 2025, with an 11% drop in July.
Export demand is affected by US tariff uncertainties, resulting in a 13.27% decrease in July exports.
Electric vehicle sales are increasing due to government support for domestic production.
BYD's Thailand plant exported 959 electric vehicles to Europe, strengthening Thailand's position in the global EV supply chain.
The Finance Ministry's 5 billion baht fund for pickup loans has had limited impact, with only 100 vehicles sold.