Chinese automakers retain grip over Southeast Asia's booming electric car market

Chinese automakers retain grip over Southeast Asia's booming electric car market

The BYD logo is displayed at the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. REUTERS/Tingshu Wang

Electric vehicle sales are surging in Southeast Asia, led by China’s BYD and Vietnam’s VinFast, eating into the internal combustion engine car market dominated by Japanese and Korean firms, Counterpoint Research said on Friday.

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