BYD leads charge as China's share of EV exports grows eightfold， Japanese automakers face threat to Southeast Asian stronghold

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BYD leads charge as China's share of EV exports grows eightfold​

Japanese automakers face threat to Southeast Asian stronghold

An Atto 3 electric SUV made by Chinese carmaker BYD is displayed at an electric vehicle trade show in Farnborough, U.K. © Reuters
Nikkei staff writersSeptember 3, 2023 01:25 JST

TOKYO -- China's presence in the international electric vehicle market is growing as its share of global EV exports ballooned eightfold over the past five years.

BYD, which is rapidly expanding production of affordable EVs, is a driving force behind this trend. And as consumption falters in China, manufacturers there may increase exports to Southeast Asia, encroaching on a traditional stronghold for Japanese automakers.


Southeast Asia is a subregion of Asia consisting of 11 countries: Brunei, Cambodia, East Timor, Indonesia, Laos, Malaysia, Myanmar (Burma), the Philippines, Singapore, Thailand, and Vietnam. The region has a total population of over 655 million, making it the third most populous region in the world, behind South Asia and East Asia.


Geography
Southeast Asia is located between the Indian and Pacific oceans, with China to the north and Australia to the south. The region is known for its tropical climate, diverse ecosystems, and stunning landscapes. It includes mountain ranges, rainforests, beaches, and archipelagos.

History
Southeast Asia has a rich and complex history that spans over 2,000 years. The region has been shaped by a variety of cultural influences, including Hinduism, Buddhism, Islam, and colonialism.

The early history of Southeast Asia is characterized by the rise and fall of powerful empires. The Khmer Empire, which ruled from the 9th to the 15th century, was one of the most influential, with its impressive temples at Angkor Wat still standing today. The Srivijaya Empire, based in Sumatra, was one of the biggest maritime empires in the world in the 7th to 13th centuries.

From the 16th to the 19th century, Southeast Asia was colonized by European powers. The Portuguese were the first to establish a presence in the region, followed by the Dutch, British, Spanish, and French. During this period, the region was subject to a great deal of political and economic transformation. European powers introduced new agricultural methods, created new transportation routes, and built cities and infrastructure that are still in use today.

Culture
Southeast Asia is home to a diverse array of cultures, religions, and languages. The region is known for its bustling cities, delicious cuisine, and stunning architecture. Despite the many influences that have shaped the region over the centuries, Southeast Asia has managed to retain its unique identity.

The region is known for its art, music, and dance traditions. One of the most famous examples is the Balinese dance drama known as the Barong and Kris Dance, which combines music, dance, and storytelling.

Religion has played a significant role in the history of Southeast Asia. The region is home to a variety of religions, including Islam, Buddhism, Hinduism, and Christianity. Religious festivals, such as Ramadan, Vesak, and Christmas, are celebrated widely across the region.

Economy
Southeast Asia has experienced rapid economic growth in recent decades, becoming one of the fastest-growing regions in the world. In 2021, the region’s GDP is expected to rise by 4.9%, despite the global economic slowdown caused by the COVID-19 pandemic.

The region’s economy is based on a mix of agriculture, manufacturing, and service industries. Countries such as Thailand, Indonesia, and Vietnam are known for their agricultural exports, including rice, rubber, and coffee. Singapore, Malaysia, and the Philippines, on the other hand, have developed strong financial and service sectors.

Tourism is also a major contributor to the Southeast Asian economy. The region is known for its stunning landscapes, beautiful beaches, and historical landmarks. In 2019, the region welcomed over 133 million international visitors, generating over $130 billion in tourism revenue.

Issues
Despite the many successes of the region, Southeast Asia faces a number of significant challenges. Poverty, income inequality, and corruption are still widespread issues across the region. Environmental concerns, such as deforestation and pollution, are also a major concern.

The region is also home to a number of ongoing conflicts, such as the Rohingya crisis in Myanmar and the insurgency in the Southern Philippines. Political instability and ethnic tensions are also issues that affect many countries in the region.

Conclusion
Southeast Asia is a diverse and fascinating region, with a complex history and cultural landscape. Despite the challenges it faces, the region continues to grow and develop, with a dynamic economy, rich cultural heritage, and a bright future ahead.

BYD leads charge as China's share of EV exports grows eightfold

Japanese automakers face threat to Southeast Asian stronghold

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