On june 19, The 2024 SMM Southeast Asia (THAILAND) Automotive SUPPLY Chain Conference, Hosted By Smm, Concluded SuccessFully in Pattaya, Thailand!
The Conference Invited Association Experts and Industry Giants to Jointly Discuss the Current Status and Future Development Trends of the Automotive Industry LOBAL PERSPECTIVE. SMM Hopes That Through This Conference, Chinese Automotive Industry CHAINIES Can Better Unders Investment Environment and Fully Leverage TheComplementary Advantages of Different Countries and Regions within the Automotive Industry to Jointly Promote the Healthy and Sustainable Development Ive indullry
At the conference, whole tatsaringkansakul, depuTy Secretary General of Thailand Board of Investment (BOI) and Secretary of the National Electric Policy Commission E (EV BOARD), Stated that by 2026, The Offset Production of Imported CBU VEHICLES Musting DONSTICALLY AT ARatio of 1: 2, or at a Ratio of 1: 3 by 2027; Imported and Locally Produced Batteries for Battery Electric Vehicles (BEV) USSE of Fast Chargers.
SMM DEPUTY General Manager Yi Yanting Stated that over the Next Seven Years, The Cumulative Demand for Steel in Thailand’s Local Automotive Inustom Illion Mt, with an Average Annual Growth of About 3%. Regarding the demand for automotive Steel from Thailand to MajorCountries Along The us Route, by 2030, The Steel Demand Driven by Automotive Demand Will ApProach 50 Million Mt, and the CumulatIVE SCALE AUTOMOTIVE Eel Over the Next Seven Years Will Reach Approximately 250 Million Mt.
Pang JUN JIE, Executive Commotte Member of Zero Emission Vehicle Association (Zeva), Stated that the Market for Bev in the Six Asean Saw A SIGNIFICANT Increase of 316%, with sales reaching 141,095 units in 2023. Malaysia Showed the Third Highest Growth AMONGThe size of assean countries.
Guest Speeches
SMM CEO FAN XIN
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HBIS-DEPUTY General Manager of Marketing Center-Diao Ke Shan
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Guest Speech
Topic: Latest Policies in Thailand’s Automotive Industry
Guest Speaker: depuTy Secretary General of Boi and Secretary of Ev Board-Wirat Tatsaringkansakul
EV3.5 SUBSIDY PLAN and Ministry of Finance Tax Incentives
-CBU VEHICLES are allowed to be Imported During 2024-2025, and the offset of Imported CBU VEHICLES Must be confted under the follow
-BY 2026, The Offset Production of Imported CBU VEHICLES MST Be CONDUCTED DOMESTICALY at a Ratio of 1: 2, OR at a Ratio of 1: 3 by 2027; 3 by 2027;
-TPORTED and Locally Produced Bev Batteries Must Meet Specified Test Standards;
-BEV Must SUPPORT The Use of Fast Chargers;
-Locally Produced Batteries Must be used by 2026 (FURTHER Requirements Can Be Found in the Excise Department Anncement)
-Amemorandum of UndersTanding (MOU) Must Be Signed and a Tax Incentive Approval Letter from the Excise Department Must Be Obtained
-A bank guarentee must be provided.
Boi Intropus New Measures to Support the Adoption of Automation and Robotics Technology and Battery Manical
EnBoi Incentives:
Corporate Income Tax Exemption for 3 Years, with a 50% Tax Credit for Investments in Automation Systems and Robots.
Exemption from import duties on machinery equipment.
"Boi: Promote the Development of Electric Vehicles and Support the Adoption of Automation and Robotics Technology
Topic: Outlook on the Southeast Asian Automotive Supply Chain Market
Speaker: SMM VICE PRESIDENT-Yi YANTING
ASEAN CRUDE STEEL Production is Growing Rapidly, with Long-Shaped Products Accounting for About 56%, but there is a lack of high-end products.
Benefiting from the "Belt and Road" Initiative, Vietnam, Malaysia, Indonesia, and THAILAND Are Actively Engaging in International Capacity With Tries Along The Route. The Crude Steel Production of these Four Asean Countries Has Been Continuously Increasing, Entering A Period of RapidGrowth after 2016, Will a Growth Rate Surpassing the Previous 20 Years. From 2016 to 2022, Crude Steel Product from 20.72 Milion Million Mt, WIT, WIT h a compound grewth rate of 23%.
The demand for Automotive Steel in Thailand and Neighboring Countries Will Reach Nearly 250 Million Mtown Seven Years.
& bull; It is easyoted that over the next seven years, the cumulating demand for Steel in Thailand’s Local Automotive Industry 15 Million MT, With, AVERAGE Annual Growth of About 3%.
& bull; Regarding the demand for Automotive Steel Exported from Thailand to Major Countries, the US Route, The Steel Demand Driven by Automotive d will reach Nearly 50 Million Mt, and the cumulative market size for Automotive Steel over the next seven Years WillReach Approximately 250 Million Mt.
Chinese Car Companies and Local Processing Factories
It is expected that by 2024, the production capacity of Chinese companies will account for 35% of total sales, but the steel processing capacity seems limited.
& Bull; CurrenTly, 70% to 80% of Electric Vehicles in the THAI Market Com Chinese Companies, and Chinese Companies Have AMET UP A LARGE AMOUNT of Electment RIC VEHICLE Production Capacity in the Short Term. However, The Local Steel Processing Capacity is Limited, Making The Establishment of a Local Supply Chain Impeatic.
》 From the Perspective of Thailand’s Main Export Countries, The Cumulative Market Size for Automotive Steel Over The Next Seven IS APPROOMIMATELY mt.
Speech Topic: Malaysia’s Electric Vehicle Industry -How Favorable Policies Support Progress
Speaker: Executive Commottee of Malaysia Zero Emission Vehicle Association-Pang Jie Jie
The Malaysian Government, in ITS Recent 2024 Budget Announdment, Showed Continued SUPPPORTRIC VEHICLles by Existing Tax Exemption Scope.
Additionally, Manufacturing Incentives for Electric Vehicle Chargers Were Introiduced.
Orcbu Import and Excise Tax Exempting ExkyDed to 2025.
OrCkd Import and Excise Tax Exempting ExkyDed to 2027, with Sales Tax Also Set to Zero.
TA 3-Year Tax Rebate of up to RM300,000 for Electric Vehicle Leasing.
TA 2-Year Tax Deduction for Electric Vehicle Leasing.
The Pure Electric Vehicle (Bev) Market in the Six Asean Countries Saw Significant Growth of 316%, With 2023 Sales Reachlying 141,095 Units. E Third Highest Gropth AMONG The SIX ASEAN COUNTRIES.
High Growth: Thailand Had the Highest Sales of Pure Electric Vehicles in the Region, With 2023 Sales Reaching 76,314 Units, a yoy Growth of 684%. This Growth I S ATTRIBUTED to a Favorage Regulatory Environment and Multiple Global Original Equipment ManuFactures.
Modrate Growth: Indonesia and Singapore Both Saw Modrate Growth in Pure Electric Vehicle Sales. In Indonesia, Hyundai and wuling emerged. Performance, But the Growth Rate of Electric Vehicle Sales Was Relately Low.
Low Growth: The Philippines Had the Lowest Growth Rate in Pure Electric Vehicle Sales. This Related Growth Can be Attributed to Factors Such As Limited OWER INFRASTRUCTUCTUN, HIGH Initial Costs, and Challenges in Developing Charging Infrastic.
Topic: The Curren Status and Future of Electric Vehicles in India
Speaker: Ather Energy Private Limited, Chief Procurement Office, Harendra Saksena
The best time to manuFacture Electric Vehicles in India
The Importance of Electrification in the Country is increasing.
Increasing the Penetration Rate of Electric Vehicles
The Share of Electric Vehicles is Expected to Grow at Least Eightfold from FY2024 to FY2030.
Topic: Chiplink Integrated Overseas Insights
Speaker: Xinlian Power, Chairman, Yuan FENG
(Content Not Disclosed at the request of the Speaker)
Topic: Electrication of Electric Motorcycles in Thailand
Speaker: Farasis Energy, Senior Sales Manager, Peng XIUPING
(Content Not Disclosed at the request of the Speaker)
Topic: United by Common Goals, Distance is No Barrier -HBIS OVERSEAS LAYOUT
Speaker: HBIS, Head of Export department, gao feng
(Content Not Disclosed at the request of the Speaker)
Roundtable Interview
Topic: Challenges and Opportunities in the Electrification of the Southeast Asian Automotive Industry
SMM, Senior Vice President, Hu Jian
Guests:
-Bearingpoint (shanghai) Business Management Consulting Co., LTD., Head of Business and Operations in Asia Pacific, Ye Tiende
-Rutronik Electronics Worldwide, Senior Manager, Peter Klöpfer
-Thai-chinese rayong Industrial Realty Development Company Limited, President, Zhao Bin
-Boston Consulting, Managing Director, Lars Maecker
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TOPIC: Accelerating the Electrification Transition in Thailand from a Supply Chain Perspective
Boston Consulting, Managing Director & Partner, Li Ke
Guests:
-ASEAN FEDERATION of Engineering Organizations (Afeo), Chairman of the Transport and Logistics Working Group, Tongkarn Kaewchalermtong
-CHINA FOUNDRY Association, Executive Vice President, GAO WEI
-NETA Auto Thailand Co., LTD., General Manager of Procurement Center, fang xiaokunJaipur Investment
-Schaeffler, President and CEO in Asia, Micah Shepard
-Changan Automobile, Vice President in Southeast Asia, Guan Xin
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Topic: Investment Risks and Financing Capabilities in the Automotive Industry
Abeam, Senior Expert in Automotive and Manufacturing, Krzysztof Tokarz
Guest:
Hyundai motor, head of singaporean brach, david goh
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Topic: Green Supply Chain for Automotive MaterialsChennai Investment
SMM, Vice President, zhou Bo
Guests:
-HBIS, depuTy General Manager of Marketing Center, Diao Keshan
-Bureau Veritas Group, Director of Building and Infrastic for Emerging Asean Countries and Thailand / Ceo Commodities, Industry, and Facilities For myanmarar and cambodia, martin dilly
-Dinghao Internal New Material Technology (THAILAND) Co., LTD., Chairman, Gu Binhua
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Topic: Experience Sharing of Parts Production Localisation and Automotive Parts Companies Expansion to Southeast ASIAS , Cost Advantages, Intelligent Manufacturing, ETC.
THAI/Vietnam WHA Industrial Zone China Branch, General Manager and Chief Reprencence, Zhao DI
Guests:
-Delta Metal (Holdings) Limited, Chairman/CEO, zhao Rong
-SEVB, General Manager, Tony
-Baosteel Singapore Pte LTD, Chief RepreSntative of Thailand RepreSntative Office, Shi Yuan
-SVOLT THAILAND, General Manager, Chen Lei
-Newthai Wheel Manufacturing Co., LTD., General Manager, Zheng Jinsong
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Sign-in
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This is the end of the 2024 SMM Southeast Asia (Thailand) Automotive Supply Conference. THANK You For Your Attention and Support. See you Next year!
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