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Apr 17, 03:45 PM

Chinese Brands Surpass Japanese Rivals for First Time to Top Bangkok Motor Show

[Market Landscape] At the 47th Bangkok International Motor Show, Chinese brands recorded higher pre-orders than Japanese brands for the first time.

Key Developments: BYD Takes the Lead, Chinese Brands Claim 17 of Top Spots

BYD topped the rankings with 17,000 pre-orders, surpassing Toyota's 15,700; OMODA & JAECOO, under Chery, secured third place with 15,000 pre-orders. Among the top ten brands, seven are Chinese, including MG, Changan, Geely, Great Wall, and GAC.

Industry Impact: Shift in New Energy Competition Dynamics in Southeast Asia

Thailand, long regarded as the "Detroit of the East" and a stronghold for Japanese automakers, is witnessing a significant shift. The collective breakthrough by Chinese automakers highlights their rapid penetration and successful localization in the new energy vehicle segment, posing a substantial challenge to the traditional dominance of Japanese brands.