Honda, Toyota race to gain ground in Thai, Indonesian EV markets

Japanese automakers chase Chinese and South Korean rivals after late start

20221202N Honda

Honda Motor showcased its all-electric SUV prototype at the Thailand International Motor Expo near Bangkok on Nov. 30. (Photo by Yohei Muramatsu)

YOHEI MURAMATSU and KOYA JIBIKI, Nikkei staff writers

BANGKOK/JAKARTA -- Honda Motor and Toyota Motor are making their long-awaited moves in the electric vehicle markets of Thailand and Indonesia, where other Asian rivals have quickly established EV oligopolies in the absence of Japanese competition.

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