FinePrint Vol. 14

EV industry poised for $20bn investment surge across south & southeast Asia

The EV industry is set to invest $20 billion in South and Southeast Asia (SSEA), driven by growing demand and favorable government policies, according to S&P Global Ratings. Forecasted EV sales growth of over 20% annually through 2026 is attracting major automakers. Chinese firms are scaling up production for SSEA’s cost-sensitive buyers, while Korean brands are entering through Indonesian partnerships for battery and vehicle production. In India, Tata Motors is expanding EV infrastructure with new plants. However, rising competition could lead to price wars and oversupply, underscoring the need for financial caution and strategic alliances in this evolving market.