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China’s Chery Auto to enter Thailand in first half of 2024: executive

TechNode

Chinas Chery Automobile, which has a manufacturing partnership with luxury carmaker Jaguar Land Rover (JLR), will enter Thailand with an all-electric model in the first half of 2024, Vice President Xu Qingsong said at the China-ASEAN Expo in the southern city of Nanning on Monday. Caixin, in Chinese ]

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Changan to construct $242 m plant in Thailand as Chinese EV brands rush to SEA

TechNode

Chinas Changan Automobile on Tuesday signed an agreement with Thailands Board of Investment in Beijing to build a $241.7 million electric vehicle factory in the countrys coastal Rayong province, the latest development by Chinese automakers to expand their reach in the global car market.

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Foxconn’s EV platform unit targets India, Thailand to produce small EVs

TechNode

Foxconns EV platform unit, Mobility in Harmony (MIH), is eyeing India or Thailand as a potential location for producing a small battery-powered car currently under development, according to Jack Cheng, the CEO of MIH. Reuters ]

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Hong Kong insurtech startup Coherent gets $14 million Series A led by Cathay Innovation

TechCrunch

Founded in 2018, Coherent’s platform, called Product Factory, allows insurance providers to digitize their backend operations by uploading Excel pricing models, which means their IT departments don’t need to write new code or re-haul their IT infrastructure. Coherent will focus on China and emerging markets in Asia.

Asia 115
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Peeba raises $4.2M to digitize Asia’s B2B wholesale market  

TechCrunch

Peeba says the lack of B2B-focused online wholesale solutions and tech infrastructure hampered Asia’s antiquated B2B retail, wholesale market in business growth and new market entries during the pandemic. That allows retailers to quickly adjust to post-pandemic realities with greater confidence.” .

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Expanding your startup into Asia? Here’s how to build out your operations in the region

The Next Web

My first post in this series described how businesses should start when considering expansion into Asia, which is home to some of the largest and fastest growing markets in the world. For example, should they hire in-market consultants, an expatriate based in a hub city, or partner with a local player? Nothing gets done otherwise.

Asia 129
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Bangkok-based insurtech Sunday banks $45M Series B from investors like Tencent

TechCrunch

The company uses AI and machine learning-based technology underwrite its motor insurance and employee health benefits products, and says its data models also allow it to automate pricing and scale its underwriting process for complex risks. Sunday also offers subscription-based smartphone plans through partners. million customers.