Thanks to strong promotional efforts on the part of China's three biggest telecom operators, the market has the world's largest 5G user base, totaling 730 million.
About 50 million to 60 million motorcycles are sold worldwide every year and 75% of them are in ASEAN, India and China with India overtaking China to become the largest motorcycle producer since 2015.
With the pandemic slowing down, Korea-based manufacturer, especially Samsung, has started undertaking efforts to diversify risks as part of its Southeast Asia strategies.
Association of Southeast Asian Nations (ASEAN), the seventh largest automotive manufacturing hub worldwide, produced a total of 3.5 million vehicles in 2021, exceeding the volume of 2.85 million units in 2020.
Based on DIGITIMES Research's observations on the global electric vehicle (EV) market, in contrast to the weaker-than-expected overall car sales, EV sales exhibited prominent growth in 2021.
Japanese automakers make their way into Southeast Asia at their own pace. Toyota with abundant corporate resources started out by building multiple assembly lines in several countries across the region while gradually undertaking localized components production and exports business.
Taiwan-based manufacturers are expected to show various levels of strength in different areas but have an established presence in EV components and subsystems.
