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Chinese and other big business bet on Thai electric car market

BANGKOK — As the global automotive industry undergoes a radical shift toward electrification, Thailand, the manufacturing hub of Southeast Asia, is emerging as a new arena of competition for the world’s leading manufacturers.

China’s Great Wall Motors on Wednesday officially opened its first factory in Thailand’s Eastern Economic Corridor industrial zone of Rayong. It will focus on electric vehicle production for both the domestic market and export to ASEAN countries.

Great Wall is not the only big overseas company jumping into Thailand’s nascent EV market. Taiwan’s Foxconn has just announced a tie-up with Thai oil and gas conglomerate PTT to develop an EV production platform.

Key Apple supplier aims to meet the rising demand for EVs. Foxconn and PTT said they plan to spend around $2 billion to expand EV and EV parts production.

Analysts say the entry of Great Wall and Foxconn will intensify competition in the Thai auto

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Automotive Coolant Market will Accelerate at a CAGR of about 5% through 2021-2025|Increasing Demand for Passenger Cars to upheave Growth|Technavio | State

NEW YORK, June 1, 2021 /PRNewswire/ — Set to grow by 38.31 mn gal during 2021-2025, Technavio’s latest market research report estimates the automotive coolant market to register a CAGR of about 5%. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Receive Latest Free Sample Report in Minutes 

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BP Plc, Chevron Corp., China Petrochemical Corp., Cummins Inc., Exxon Mobil Corp., Indian Oil Corp. Ltd., MOTUL SA, Royal Dutch Shell Plc, Total SA, and Valvoline Inc. are some of the major market participants. The increasing sales of passenger cars and growing stringent norms to enhance fuel

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Automotive Parking Heater Market to see 2.89 Mn Units growth during 2021-2025 | Increase in Demand for Luxury Cars to emerge as Major Trend | Technavio | State

NEW YORK, June 3, 2021 /PRNewswire/ — The global automotive parking heater market is set to grow by 2.89 million units during 2021-2025, registering a CAGR of almost 3%. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

Download a Free Sample of the report now to leverage the most relevant business insights!

The market is concentrated, and the degree of concentration will accelerate during the forecast period. Calix AB, DBK David + Baader GmbH, DEFA AS, Eberspächer Group, Hebei Nanfeng Automobile Equipment (Group) Co. Ltd., Pro-West Refrigeration Ltd., Truma Gerätetechnik GmbH & Co. KG, Victor Industries Ltd., Warmda LLC, and Webasto SE are some of the major market participants. The emergence of aftermarket DIY preheater will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while

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Automotive Door Module Market will Accelerate at a CAGR of almost 8% through 2021-2025|Growing Demand for Differentiated in-car Experiences to upheave Growth|Technavio | State

NEW YORK, June 1, 2021 /PRNewswire/ — Set to grow by $ 20.09 bn during 2021-2025, Technavio’s latest market research report estimates the automotive door module market to register a CAGR of almost 8%. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Receive Latest Free Sample Report in Minutes 

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Brose Fahrzeugteile SE & Co. KG, DaikyoNishikawa Corp., DURA Automotive Systems, Faurecia SE, GESTAMP AUTOMOCION SA, Grupo Antolin-Irausa SA, Hirotec Corp., Inteva Products LLC, KÜSTER Holding GmbH, and Magna International Inc. are some of the major market participants. The growing demand for differentiated in-car experiences 

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