ASIA (JAPAN, SOUTH KOREA, CHINA, INDIA, ASEAN) FUEL EFFICIENT VEHICLES MARKET ANALYSIS

Asia (Japan, South Korea, China, India and ASEAN) Fuel Efficient Vehicles Market, By Vehicle Type (Passenger Cars (Hatchback, Sedan, Multi-purpose Vehicle/Sports Utility Vehicle), Commercial Vehicles), By Vehicle Class (Mid-Priced, Luxury), By Propulsion Type (IC Engine, Electric Vehicles (EVs) (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, Fuel Cell Electric Vehicle)), By Country (Japan, South Korea, China, India and ASEAN countries (e.g., Thailand, Indonesia, Malaysia, Vietnam, Philippines, etc.))

Recent Developments

Key Development

In July 2023, BYD, an electronic vehicle brand, introduced three models, the BYD Han EV, Tang EV, and the Atto 3 with sufficient width for a wide variety of customers
In May 2023, BYD released revamped models of the plug-in hybrid version of its flagship Han sedan to make it more affordable, similar to what it has done so far this year to expand its market share.

Key strategic Initiatives

In June 2023, HSBCnnounced that it has partnered with Tata Motors, an automobile manufacturer for a corporate employee financing solution to accelerate the adoption of zero-emission Electric Vehicles.