Germany’s Daimler and BMW ramp up e-mobility investments in Southeast Asia

German carmakers BMW and Daimler are both expanding their e-car and battery production capacities in Southeast Asia to participate in the booming region’s economic growth, Frederic Spohr writes in Handelsblatt. According to consultancy Frost & Sullivan, Southeast Asia, which comprises Thailand, Indonesia, Malaysia, Vietnam and the Philippines, is especially open for electric mobility, with 37 percent of respondents in a regional survey saying they might buy an electric car. The government of Thailand subsidises investments in the production of hybrid and fully electric cars with eight years of tax exemption, which also makes the technology more attractive for customers, Spohr writes.

Read the article in German here.

For background, read the dossier The Energiewende and German carmakers.