Zeekr to launch EV range amid sales dip

Quick Summary:

Domestic premium car sales plunged by 30% year-on-year during the first half amid the economic slowdown and intensifying competition, fuelled by more Chinese electric vehicles entering the Asian market as a result of the impact of the US-China trade war, says Zeekr Intelligent Technology, a Chinese EV maker under the Zeekr brand.

If Zeekr EVs receive a good response, the company will consider building an EV factory in Thailand, he said.

Added to these unpleasant economic circumstances is the growing reluctance of insurance firms to offer EV insurance because the fluctuating market prices of new and used EVs make it difficult for companies to set insurance premiums.

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Article Details

Category: EconomyBusiness

Markets: ThailandChinaIndonesiaMalaysiaPhilippines

Topics: Chinese Insurance Electric Sales Zeekr Including Thailand Market Economic Premium Company

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 09:42:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 442 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 21624996

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