The Southeast Asian country’s car sector got a boost from the Thailand International Motor Exhibition 2022, as the number of orders for vehicles increased by 16 percent over the previous expo.
Organizing chairman Kwanchai Paphatphong said that this year’s expo, which ran from Friday to Monday in the Thai capital of Bangkok, saw vehicle orders increase by 16 percent from last year to more than 42,700 units, generating over 51 billion baht (about 1.48 billion U.S. dollars) in revenue for the auto industry.
More than 1.33 million people attended the event throughout the course of its 13-day run, Kwanchai said.
A record 2,714 units were ordered from BYD, the leading Chinese new energy vehicle manufacturer, during the company’s first appearance at the expo following the introduction of the ATTO 3, the company’s first passenger car model for the Thai market. Toyota and Honda topped the chart with 6,064 and 3,252 orders, respectively. For electric vehicles, BYD was first in sales, followed by MG and NETA.
Kwanchai noted that SUVs accounted for 53.9% of all orders, followed by sedans (30.3%) and pickup trucks (11.8%).