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Chinese electric vehicle (EV) manufacturer BYD has widened its sales lead over Tesla in Singapore during the first half of this year, according to government data. This development highlights the competitive challenge Tesla faces from Chinese rivals in the global EV market.

Strong Growth in Singapore

BYD’s robust performance in Singapore, a relatively small but affluent auto market, underscores its ambition to dominate the Southeast Asian market. This region, where petrol car brands from Japan and South Korea are prevalent, has seen limited penetration by Tesla so far.

Regional Expansion and Strategy

BYD has already found significant success in Southeast Asia, with Thailand emerging as its largest overseas market. The company has expanded its distribution partnerships with local conglomerates, further solidifying its presence. Recently, BYD opened its first stores in Vietnam, a market where Tesla has not yet commenced vehicle sales.

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Puspakom has assured customers that the new requirement to produce their tax identification number (TIN) from today will not lead to delays or longer queues at any of its inspection centres. The new mandate comes from the Inland Revenue Board (LHDN) as part of the e-invoicing system set to begin on August 1.

Integrated Process

According to FMT, Puspakom CEO Mahmood Razak Bahman explained that the TIN requirement has been seamlessly integrated into the MyPuspakom website for customers making online bookings. “Customers only need to update their TIN details on MyPuspakom once, and future bookings will proceed as they do now,” he said. This early rollout aims to address any potential glitches, with Puspakom committed to supporting customers throughout the transition.

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Honda Malaysia celebrated a major milestone today with the delivery of its 170,000th Civic and 150,000th HR-V in Malaysia. The event took place at Honda Botanic Auto Mall Sdn. Bhd., marking a double achievement for the popular models.

Historic Milestone

The 170,000th Civic, a 2.0L e:HEV RS, was handed over to Mr. Lim Chin Hui, while the 150,000th HR-V, a 1.5L e:HEV RS, was delivered to Ms. Asha Waheda. Both customers received exclusive gifts and Honda Genuine Accessories valued at RM10,000 as part of the celebration.

Sales and Growth

In the first half of 2024, Honda Malaysia reported total sales exceeding 39,200 units, a 16% increase from the same period in 2023. The HR-V led sales in the Non-National Compact SUV Segment, contributing 28% to Honda Malaysia’s total sales. The City model followed with 24%, and the CR-V contributed 15%.

The company also noted a growing demand for its e:HEV technology. The e:HEV variants, available in models like the City, City Hatchback, Civic, HR-V, and CR-V, accounted for 13% of sales in the first half of 2024, reflecting substantial growth for Honda’s hybrid models.

Future Commitment

Honda Malaysia continues to uphold its “How We Move You” tagline, focusing on creating mobility products and services that drive progress and enhance the joy and freedom of mobility for its customers. The company remains dedicated to advancing its offerings and meeting the evolving needs of the Malaysian market.

The upcoming all-new Toyota Corolla, anticipated for release in 2026, is set to incorporate hybrid technology from BYD, potentially delivering a driving range around three times that of conventional petrol-powered cars.

Next-Generation Toyota Corolla:

  • Launch Year: Expected in 2026.
  • Powertrain Options: The new Corolla will include a plug-in hybrid (PHEV) variant, enabling it to operate on both petrol and electric power.

Advanced Hybrid Technology:

  • Driving Range: The PHEV version of the Corolla aims for an impressive range of 2100km, leveraging BYD’s hybrid technology.
  • Engine Specifications: The model will feature a new highly-efficient 1.5-litre turbocharged four-cylinder petrol engine. This engine is part of Toyota’s new family of petrol engines, which also includes non-turbo and 2.0-litre turbocharged variants for sports models like the rumoured future Celica and MR2.

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Sime Darby Berhad and Porsche have announced a significant expansion of Porsche’s assembly facility at Inokom in Kulim, Kedah. This expansion marks a milestone in their longstanding partnership and aims to drive growth in the ASEAN region. Here are the key highlights of this development:

Expansion Details:

  • Facility Size: The assembly facility has been expanded to 11,000 square meters.
  • New Assembly Line: The expansion includes the introduction of a new assembly line for the plug-in hybrid Porsche Cayenne S E-Hybrid Coupe.
  • Export Milestone: The Cayenne S E-Hybrid will be the first locally assembled Porsche model to be exported to Thailand, highlighting the facility’s growing capabilities.

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The Industry Ministry of Thailand has announced a new initiative aimed at bolstering the local automotive supply chain by requiring Chinese electric vehicle (EV) manufacturers to source at least 40% of their parts locally. This move is part of a broader effort to support Thai auto parts makers as the automotive industry shifts from internal combustion engines (ICE) to electric mobility.

Key Points of the Initiative:

  • Local Content Requirement:
    • Chinese EV manufacturers are encouraged to source at least 40% of their vehicle parts from Thai suppliers.
    • This requirement emerged from discussions between the Industry Ministry and Chinese EV makers like GAC Aion New Energy Automobile.

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