The Thai government touched off a domino effect when it started throwing subsidies at Chinese electric vehicle makers, industry figures say as they watch the resultant massive oversupply of EVs ignite a price war in the combustion engine auto segment, now suffering from production cuts and plant closures.
Start your deal-making journey now!
Subscribe now to enjoy unlimited access at just $59.
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Already a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com