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OverviewAPI
Vehicle sales in ASEAN major markets rose 4% in Q1 2023, driven by factors like economic growth and government policies. Thailand leads the region's EV market with a 60% share, while Wuling, Volvo, and BMW are the top-selling brands. The region's automotive sector is shifting to EVs, facing competition from Chinese, South Korean, and local players. Affordability remains a challenge, but the availability of cheaper EV options is gaining popularity in emerging markets like Thailand and Indonesia.

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