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Stock impact report

BYD And VinFast Race To Dominate Southeast Asia's EV Market [zero hedge]

Toyota Motor Corporation (TM) 
US:NYSE Investor Relations: toyota-global.com/investors
Company Research Source: zero hedge
BYD And VinFast Race To Dominate Southeast Asia's EV Market BYD and VinFast are rapidly expanding their presence in Southeast Asia, where electric vehicles are gaining traction and competition is intensifying, according to Nikkei . Both companies have emerged as the fastest-growing car brands in the region’s six largest markets in 2025, with sales rising about 95% for BYD and 90% for VinFast compared with the previous year. VinFast sold more than 100,000 vehicles across countries including Indonesia, Vietnam, and Thailand, while BYD delivered roughly 70,000 units. Together, they account for around 7% of total vehicle sales in a regional market of approximately 2.4 million cars. Their rapid growth has contributed to a decline in market share for long-dominant Japanese automakers such as Toyota, Honda, and Mitsubishi. Nikkei writes that VinFast’s strategy emphasizes affordability and ecosystem development. The company has focused on lowering prices, building charging infrastructure, and Show less Read more
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