BANGKOK, 22 June- FTI reveals that vehicle production, sales, exports of finished cars in May 2023 have grown from the low base of the previous year. Due to chip shortage – war and COVID in China, while EV cars are still strong. Investors hope the new government will expand subsidy measures.
Mr. Surapong Paisitpatanapong Vice President and Spokesperson of the Automotive Industry Club The Federation of Thai Industries (FTI) discloses production domestic sales and the country's automobile exports in May 2023 that the total number of cars produced was 150,532 units, an increase of 16.48 percent from May 2022 because production, exports and domestic sales, both passenger cars and pickups, increased from the low base of the previous year. Due to a chip shortage caused by the Ukrainian war and the outbreak of COVID-19 in China, with an increase of 27.96 percent from April 2023, the number of cars produced in the first 5 months of the year amounted to 775,955 units.
As for the production for export, it produced 89,709 units, equivalent to 59.59 percent of the total production. An increase of 23.46 percent, resulting in the number of cars produced for export in the first 5 months to 445,746 units, equivalent to 57.44 percent of the total production. An increase of 13.63% from 2022
Production for domestic sales produced 60,823 units, equivalent to 40.41 percent of the total production. An increase of 7.52 percent from May 2022, which in the first 5 months of the year produced 330,209 units, equivalent to 42.56 percent of total production. but decreased from January to May 2022 by 1.38 percent
Domestic car sales in May There was a total of 65,088 units, an increase of 9.34 percent from April 2023 and an increase of 0.55 percent from the same month last year because passenger cars grew 29.4 percent from the low base in the same month last year from the lack of pieces. As for semiconductors because of the Ukrainian war and China's lockdown from COVID-19, but the pickup still fell 23.3 percent due to the tightening of financial institutions.
While exports of finished cars in May 2023 were exported to 86,358 units, an increase of 8.03 percent from the previous month and an increase of 12.25 percent from May 2022, resulting in an export value of 54,969.77 million baht, an increase from May 2022. 18.91 percent because of the low base last year due to a shortage of chips Therefore, exports increased in almost every market, such as Japan, growing by 100 percent. Indonesia grew 65 per cent, Malaysia grew 21%, England grew 23%, France grew 24%, the US grew 22%, except for the Australian market, which is strict about plants, insects and mud attached to cars. A crowded port cannot drive up to the port until all the contaminants attached to the car have been washed away.
“The goals set this year remain the same. Both the total production of 1.95 million units, the export total of 1.05 million units, because trading partners still have good growth. and domestic sales of 9 hundred thousand units, hoping that the economy in the second half of the year will grow well
The sanctions against Myanmar's financial institutions did not affect car exports. Since Myanmar has banned the import of cars since the middle of the year 2022, the export of motorcycle parts has declined, which is a good moment for motorcycle sales in the country to increase from the recovery of the tourism industry, ”a spokesman for the automotive industry group. say
while electric vehicles are still hot hit in May electric vehicle types 7,132 new BEVs were registered, an increase of 355.14 percent from the same period last year. As a result, from January to May, there were 33,365 newly registered BEVs, an increase of 485.15 percent.
As for HEV red plated electric vehicles, a total of 8,013 newly registered vehicles, an increase of 49.44 percent from May last year, resulting in the cumulative total from January to May amounting to 38,647 units, an increase of 42.65 percent.
A spokesman for the auto industry group said investors hope the new government will extend further subsidies for electric vehicles that expire at the end of the year. This will help build confidence and stimulate foreign investment.-Thai News Agency
Source: Thai News Agency