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Southeast Asia's EV boom sidelines local car parts suppliers

Original: Southeast Asia’s EV boom sidelines local car parts suppliers

Southeast Asia's rapid shift toward electric vehicles is leaving local auto parts suppliers behind. As Chinese and other foreign EV makers expand production in the region, they tend to bring their own supply chains, reducing orders for domestic component manufacturers that long served conventional carmakers. Industry observers warn the trend could weaken local supplier bases unless these firms adapt to EV technology or find new customers.

Why now: Concerns are growing that the region's EV transition, driven largely by foreign manufacturers, is eroding domestic supplier industries.

Southeast Asiaelectric vehicle manufacturerslocal auto parts suppliersSouth China Morning Post

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