KIEP Report Says Korea Needs to Deal with China’s Penetration of EV Market in Southeast Asia

Recently, China’s share of the electric vehicle market in Southeast Asia, including Thailand and Indonesia, has been growing rapidly.

Chinese companies ranked first or second in Southeast Asian countries in terms of sales volume in 2023, according to a report titled “Factors and Implications of Chinese Electric Vehicles’ Preoccupation of the Southeast Asian Market,” published by the Korea Institute for International Economic Policy (KIEP) on May 8. Specifically, they…