VinFast VF 6 and VF 7 Set to Enter U.S. EV Market in 2025
Vietnamese automaker VinFast is making a bold entry into the U.S. electric vehicle market with its upcoming VF 6 and VF 7 models, which start at approximately $30,000 and $37,000, respectively. According to Autoblog, these compact crossovers aim to attract budget-conscious buyers while offering modern styling and competitive features. With a focus on affordability, VinFast hopes to establish a strong presence in the growing EV sector. The VF 6 Eco version, including a battery, is priced at $34,000, making it more affordable than competitors like the Hyundai Kona EV, Kia Niro, and Tesla Model 3. Meanwhile, the VF 7 Eco starts at $40,200, undercutting models like the Hyundai Ioniq 5 SE RWD and Volkswagen ID.4 Pro RWD.
VinFast also offers generous warranty policies, with the VF 6 covered for seven years or 87,000 miles and the VF 7 covered for 10 years or 125,000 miles. Both models’ batteries have extensive warranty coverage, with the VF 6’s battery protected for seven years with no mileage limit and the VF 7’s for 10 years. The two EVs have already been spotted in testing on U.S. streets, and their full specifications are available on VinFast’s U.S. website. With these competitive prices and warranties, VinFast is positioning itself as a strong contender in the evolving American EV market.
https://tuoitrenews.vn/news/business/20250207/vinfast-to-sell-vf-6-vf-7-in-us-in-2025/84374.html
Editor’s Note: VinFast is entering the U.S. electric vehicle market in 2025 with its VF 6 and VF 7 models, priced at $30,000 and $37,000, respectively, offering affordable alternatives to competitors like Hyundai and Tesla. Both models come with generous warranty coverage, including up to 10 years for the VF 7, positioning VinFast as a strong contender in the growing EV sector.
Vietnam’s EV Registration Fee Exemption to End in February
Starting March 2025, electric vehicle (EV) buyers in Vietnam will be required to pay a registration fee, ending a three-year exemption introduced to promote eco-friendly vehicles. The exemption, which took effect in March 2022, will expire on February 28, 2025. Under the government’s decree, EV buyers will pay a registration fee equal to half that of fuel-powered vehicles with the same seating capacity for the next two years. Based on current rates, EV registration fees will range from five to six percent, with costs varying depending on the vehicle’s price.
At the five-percent rate, buyers of the Wuling Mini EV, Vietnam’s most affordable electric car, will pay at least VND9.85 million ($391) in fees, while those purchasing high-end models like the Rolls-Royce Spectre will face registration fees of up to VND895 million ($35,445). Unless the government announces new incentives, prospective EV buyers have less than a month to take advantage of the exemption. The market is expected to see a surge in demand as consumers rush to make purchases before the new fees take effect.
Editor’s Note: Vietnam’s three-year electric vehicle (EV) registration fee exemption will end on February 28, 2025, requiring buyers to pay fees starting March 2025. The new fees will be half of those for fuel-powered vehicles, ranging from 5-6% depending on the vehicle price. As a result, a surge in demand is expected before the exemption expires, particularly for lower-cost EVs like the Wuling Mini EV.
Da Nang to Build AI-Focused Fablab to Boost Innovation
Da Nang authorities have announced plans to invest in a digital manufacturing laboratory, or Fablab, to support artificial intelligence (AI) research, testing, and deployment for businesses and innovation groups. The city’s steering committee for science, technology, innovation, and digital transformation revealed the initiative at its first meeting. According to Nguyen Van Quang, secretary of the Da Nang Party Committee, construction is expected to begin this year. The first phase of the project will see an investment of approximately $68 million, including $6 million for constructing the facility, which will cover 1,500 square meters near Thuan Phuoc Bridge in Hai Chau District.
The Fablab aims to assist small- and medium-sized enterprises, research groups, and startups in developing AI technologies. This follows the establishment of the Da Nang Semiconductor and Artificial Intelligence Center for Research and Training (DSAC) at Da Nang Software Park No. 2 last year. DSAC is focused on training human resources, attracting investment, and supporting research in the semiconductor and AI sectors. It is currently working on finalizing its legal framework, proposing development policies, and strengthening international cooperation to accelerate innovation and industry growth.
https://tuoitrenews.vn/news/business/20250212/da-nang-to-invest-in-ai-laboratory/84476.html
Editor’s Note: Da Nang is investing $68 million to build a digital manufacturing laboratory, or Fablab, to support AI research and innovation, with construction expected to begin this year. The Fablab will help small businesses, research groups, and startups develop AI technologies, complementing the city’s ongoing efforts to boost its semiconductor and AI sectors through initiatives like the Da Nang Semiconductor and AI Center.
Thai Smartphone Market Rebounds in 2024, Growth Expected to Continue
Despite economic challenges, Thailand’s smartphone market saw a strong rebound in 2024 after two years of decline, according to research firms IDC and Canalys. IDC reported a 17.1% increase in shipments, reaching 16.9 million units, while Canalys recorded a 7.1% rise to 16.4 million units. This momentum is expected to continue into the first quarter of 2025, driven by government stimulus programs and increased affordability through financing plans. The entry-level smartphone segment (priced under $200) grew to 56.9% of the market, while the premium segment (above $1,000) declined to 9%. Meanwhile, the share of 5G smartphones increased to 45.6%, fueled by lower prices and wider availability.
Oppo, Samsung, and Apple led the Thai market with shares of 19.4%, 19.2%, and 15.9%, respectively, followed by Xiaomi (14.7%) and Vivo (12.3%). Canalys noted that Southeast Asia’s smartphone market also rebounded, growing 11% in 2024 with 96.7 million units shipped. Oppo became the region’s top brand for the first time, capturing an 18% market share, followed closely by Samsung at 17%. IDC analyst Apirat Ratanavichit expects Thailand’s smartphone growth to continue, supported by the increasing availability of budget-friendly 5G devices and financing options that make mid-range and high-end models more accessible to consumers.
https://www.bangkokpost.com/business/general/2960091/smartphone-rebound-set-to-persist-in-q1
Editor’s Note: Thailand’s smartphone market rebounded in 2024, with shipments increasing by 17.1% to 16.9 million units, driven by government stimulus and affordable financing plans. The entry-level smartphone segment grew to 56.9% of the market, while 5G devices rose to 45.6% of total shipments. Oppo, Samsung, and Apple led the market, and analysts expect continued growth into 2025, supported by budget-friendly 5G options and expanded financing.
True Partners with China’s GalaxySpace to Advance LEO Satellite Technology
True Corporation has entered the space technology sector through a partnership with Chinese company GalaxySpace, a leader in low-Earth orbit (LEO) satellite internet. The collaboration aims to enhance Thailand’s digital telecom infrastructure and strengthen the country’s digital economy. Under a recently signed memorandum of understanding (MoU), both companies will conduct joint studies, exchange knowledge, and develop telecom technologies, including LEO satellite broadband communication, space-based and terrestrial network integration, and direct-to-cell (D2C) satellite communications. The partnership will also explore business opportunities for satellite applications in Thailand.
True CEO Manat Manavutiveth emphasized that LEO satellite technology is a major advancement in global communications, with the potential to drive economic and social transformation. Xu Ming, chairman and CEO of GalaxySpace, said the partnership will help accelerate research and service validation for D2C satellite technology, benefiting sectors such as maritime, agriculture, education, and connected vehicles. With Thailand being a key market for GalaxySpace in Southeast Asia, the collaboration is expected to propel innovative satellite internet solutions that enhance connectivity and drive industry upgrades across the region.
https://www.bangkokpost.com/business/general/2959228/true-galaxyspace-form-partnership
Editor’s Note: True Corporation has partnered with China’s GalaxySpace to enhance Thailand’s telecom infrastructure using low-Earth orbit (LEO) satellite technology, focusing on broadband communication and satellite applications. This collaboration aims to accelerate satellite innovation, benefiting sectors like agriculture, education, and connected vehicles, while boosting connectivity in Thailand and Southeast Asia.
Thai Developers Launch Industrial-Tech Ecosystem to Attract Foreign Investment
Three major property and industrial estate developers—Frasers Property (Thailand), Rojana Industrial Park, and Asia Industrial Estate—have joined forces to establish an “industrial-tech ecosystem” aimed at reinforcing Thailand as a prime investment hub in Southeast Asia. The joint venture, Araya Land Development, will oversee the project, named “Araya – The Eastern Gateway.” Spanning over 4,600 rai along Bang Na-Trat Road near Bangkok, the development will integrate data centers, advanced manufacturing, R&D facilities, logistics parks, and residential areas. With an estimated investment of 50-60 billion baht for land and infrastructure, the project aims to attract foreign direct investment (FDI) and stimulate Thailand’s economy.
Thailand’s industrial estate sector is experiencing growing interest from foreign investors, particularly as geopolitical tensions and trade policies drive businesses to relocate operations to Southeast Asia. The Board of Investment reported a 35% surge in investment applications last year, reaching 1.14 trillion baht—the highest since 2014—led by FDI projects in data centers and cloud services. Singapore emerged as the top investor, followed by China, Hong Kong, Taiwan, and Japan. With its interconnected industrial ecosystem concept, Araya Land Development hopes to differentiate itself from competitors offering eco-friendly industrial parks and clean energy solutions, positioning Thailand as a key destination for global investment.
https://www.bangkokpost.com/business/general/2959273/venture-to-forge-industrial-tech-ecosystem
Editor’s Note: Three major Thai developers have launched a joint venture, Araya Land Development, to create an “industrial-tech ecosystem” called “Araya – The Eastern Gateway” near Bangkok. The project will integrate data centers, advanced manufacturing, R&D facilities, logistics parks, and residential areas, with an estimated investment of 50-60 billion baht. Aimed at attracting foreign investment, the development positions Thailand as a key destination for global industrial and tech investments amid growing interest in Southeast Asia.
BYD to Equip Budget EVs with Autopilot, Challenging Rivals in Smart Driving
BYD, the world’s largest electric vehicle (EV) maker, has announced plans to equip at least 21 of its models with its proprietary God’s Eye advanced driver assistance system (ADAS), bringing autonomous driving capabilities to budget-conscious Chinese customers. Even entry-level models like the Seagull hatchback (priced from 69,800 yuan or $9,554) will feature the system, allowing for highway navigation and self-parking. BYD aims to democratize smart driving, with chairman Wang Chuanfu stating that years of research by 5,000 engineers have enabled the company to deliver this technology at an affordable price.
The move comes as China’s EV industry accelerates autonomous driving adoption, with projections that 15 million new cars in 2025 will feature at least Level 2 self-driving capabilities. Despite previously lagging behind rivals like Xpeng and Nio in digital technology, BYD is now pushing forward to catch up in the smart EV race. Analysts at Goldman Sachs expect BYD’s advancement to significantly impact the market, as the cost of ADAS has halved in the past two years. Meanwhile, Tesla, a leading competitor, is preparing to test its Full Self-Driving system in China, charging $8,000 upfront plus a $99 monthly subscription—a stark contrast to BYD’s mass-market affordability strategy.
Editor’s Note: BYD plans to equip 21 of its EV models, including budget options like the Seagull hatchback, with its God’s Eye advanced driver assistance system (ADAS), offering autonomous driving at an affordable price. This move positions BYD to compete in the smart driving race, challenging rivals like Xpeng and Nio while making autonomous technology accessible to more consumers.
Google, Perceptra to Provide AI-Powered Diabetic Retinopathy Screening in Thailand
Google and its technology licensing partner, Perceptra, have launched an initiative to provide AI-powered diabetic retinopathy (DR) screening to 1 million people in underserved communities across Thailand over the next decade. With 6 million Thais living with diabetes—one in three at risk of DR, a leading cause of preventable blindness—the partnership aims to enhance early detection and timely treatment. This effort builds on nearly a decade of AI research, including collaborations with Rajavithi Hospital in Thailand and Aravind Eye Hospital in India, and has already screened over 600,000 patients worldwide.
Google Thailand director Jacky Wang and Perceptra CEO Supichaya Pusitsopit emphasized the initiative’s role in advancing healthcare accessibility, ensuring no Thai is left behind. The integration of Google’s AI technology into Perceptra’s screening solutions will empower hospitals to deliver more effective preventative care. Google’s Katherine Chou, head of product and UX at Google Research, highlighted the global impact of AI-driven healthcare innovations, stating that the partnership represents a major step toward eliminating preventable blindness and improving the quality of life for diabetic patients in Thailand.
https://www.nationthailand.com/business/tech/40046121
Editor’s Note: Google and Perceptra have partnered to provide AI-powered diabetic retinopathy screening to 1 million people in underserved communities in Thailand over the next decade, aiming to enhance early detection and treatment. This initiative, building on years of AI research, seeks to improve healthcare accessibility and reduce preventable blindness for diabetic patients in the country.
Thailand Braces for Prolonged EV Price War Amid Surge in Chinese Production
Thailand’s electric vehicle (EV) market is set for an extended price war as a surge in Chinese carmakers’ local production fuels intense competition, industry experts warn. EV sales are expected to rise 40% in 2024, surpassing 100,000 units, driven by government incentives requiring local production quotas to avoid hefty penalties. However, with domestic auto sales plummeting due to tight credit conditions and high household debt, analysts fear oversupply and price cuts could strain the industry. Chinese automakers Great Wall Motor and GAC AION have already slashed prices by up to 270,000 baht ($7,900), intensifying the battle for market share.
Despite concerns over a price war, Thailand’s Board of Investment (BOI) has adjusted policies to encourage EV exports and hybrid incentives to stabilize the market. Chinese EV giants BYD, Great Wall Motor, Changan, and GAC AION have collectively invested over 102.7 billion baht ($3 billion) in Thailand, with local production expected to fuel exports beyond Southeast Asia. Failure to meet production targets could result in penalties of up to 400,000 baht per car, according to Electric Vehicle Association of Thailand (EVAT) President Suroj Sangsnit. Meanwhile, BYD, Thailand’s top EV seller, has faced government scrutiny over deep discounts but was cleared of any violations last year.
Editor’s Note: Thailand’s EV market faces a prolonged price war as Chinese automakers increase local production, driving competition and price cuts, with sales expected to rise 40% in 2024. Despite concerns over oversupply and the impact on the industry, the government is adjusting policies to encourage exports and stabilize the market. Chinese EV giants like BYD, Great Wall Motor, and GAC AION have already invested over 102.7 billion baht, aiming for production that will extend beyond Southeast Asia.
Thailand and China Sign MOU to Boost Digital Economy Cooperation
Thailand and China have signed a Memorandum of Understanding (MOU) to enhance investment in the digital economy, marking a significant step in strengthening bilateral ties. The signing ceremony took place at the Great Hall of the People in China, witnessed by Thai Prime Minister Paetongtarn Shinawatra and Chinese Premier Li Qiang. EECO Secretary-General Chula Sukmanop and Chinese Commerce Minister Wang Wentao signed the agreement, which aims to develop digital infrastructure, smart logistics, IoT, and online payment systems in Thailand’s Eastern Economic Corridor (EEC).
The EECO highlighted the MOU’s role in enhancing Thailand’s digital competitiveness, attracting Chinese investments that have already reached 289.95 billion baht ($8 billion) between 2018 and 2024. This collaboration is expected to strengthen economic ties, drive innovation, and boost the competitiveness of businesses in the EEC. The agreement also seeks to support smart warehouses, online and offline marketing, and advanced digital services, positioning Thailand as a leading digital hub in the region.
https://www.nationthailand.com/business/economy/40046016
Editor’s Note: Thailand’s EV market faces a prolonged price war as Chinese automakers increase local production, driving competition and price cuts, with sales expected to rise 40% in 2024. Despite concerns over oversupply and the impact on the industry, the government is adjusting policies to encourage exports and stabilize the market. Chinese EV giants like BYD, Great Wall Motor, and GAC AION have already invested over 102.7 billion baht, aiming for production that will extend beyond Southeast Asia.
Taihua Electronics Expands PCB Manufacturing with New Factory in Thailand
Taihua Electronics Technology Company Limited, a leading printed circuit board (PCB) manufacturer, has officially begun construction on a new state-of-the-art factory at 304 Industrial Park in Prachinburi, Thailand. The groundbreaking ceremony on December 12, 2024, underscores the company’s commitment to expanding in Southeast Asia and strengthening its global supply chain. The new facility will enhance Taihua’s ability to produce precision PCBs for key industries, including automotive, telecommunications, new energy, and power supply. Vice President Li Yongsheng (LEE, Wing Sing Vincent) emphasized the company’s confidence in Thailand’s economic potential and the park’s world-class infrastructure, which will support efficient and sustainable production.
304 Industrial Park CEO Kittiphan Chitpantham welcomed Taihua’s investment, highlighting the park’s modern utilities, renewable energy solutions, and advanced infrastructure tailored to high-tech industries such as EV batteries and biochemical manufacturing. Spanning 3,200 hectares, the park features hybrid renewable energy sources, including biomass power and Thailand’s largest private floating solar project, ensuring sustainability and energy security. Taihua aims to produce environmentally friendly PCBs, minimizing long-term environmental impact while boosting Thailand’s electronics sector. This expansion aligns with the country’s goal of becoming a regional hub for advanced manufacturing and sustainable technology.
https://www.nationthailand.com/business/corporate/40045942
Editor’s Note: Taihua Electronics has begun construction on a new PCB manufacturing facility at 304 Industrial Park in Prachinburi, Thailand, to expand its operations in Southeast Asia and support industries like automotive and telecommunications. The facility will focus on environmentally friendly production, leveraging the park’s sustainable infrastructure, including renewable energy sources like biomass and Thailand’s largest private floating solar project.
Thailand Advances in Global Innovation Rankings, Aims for Further Growth
Thailand has climbed to 41st place in the Global Innovation Index (GII) 2024, improving from 43rd and securing the third spot in ASEAN, according to National Research Council of Thailand (NRCT) director Wipharat Dee-ong. She emphasized that innovation is crucial for economic growth and societal development, with the NRCT playing a leading role in enhancing education, research, and entrepreneurial support. Thailand outperformed the upper middle-income economy average, excelling in human capital, ICT infrastructure, market sophistication, and knowledge outputs, including increased patent registrations and advanced technology exports.
Despite these advancements, Wipharat acknowledged areas for improvement to sustain growth and strengthen global competitiveness. She urged further investment in innovation-driven policies to ensure Thailand remains at the forefront of technological and economic development. With its rising number of science and engineering graduates and expanding ICT sector, Thailand is well-positioned to enhance its research and market potential, paving the way for long-term economic success in an increasingly competitive global landscape.
https://www.nationthailand.com/business/tech/40045897
Editor’s Note: Thailand has improved to 41st place in the 2024 Global Innovation Index, ranking third in ASEAN, driven by advancements in human capital, ICT infrastructure, and market sophistication. The National Research Council of Thailand (NRCT) emphasized the importance of innovation for economic and societal growth, with increased patent registrations and technology exports showcasing progress. However, further investment in innovation policies is needed to sustain growth and boost global competitiveness.