For those trying to get their head around the relative importance of the consituent SEA countries, in realtion to 2 wheel EVs, check this out....based on 23Q1....Thailand fairly important in the 'here and now'. Indonesia and others got lots of growth potential.
https://medium.com/@gazayala/the-case-for-electric-mobility-via-battery-swapping-in-the-philippines-bce93a9e40bf
Any wonder why I am hoping for some more detailed news about the JV and 'new' factory there. Ha!
Also you combine local prodcution / assembly and the cost of the battery and you get 40-50% of the cost of the units.
So the infrastructure (exchange stations / rapid charge facilities or better still the offering of BAAS and/or bike sales (ex--battery and battery subscriptions) are a winner.
News on Thailand, LATAM and other JVs will be welcome.
Cheers
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