AGE sees EV import tariff adjustment balancing the market without hurting sales

IndustryMacroCommodity
โดย ทันหุ้น·TH·Read original
Summary · why it matters

Pongtham Danwangdoem, Head of Investment at Asia Green Energy Public Company Limited, or AGE, and Managing Director of AGE Venture Company Limited, told Than Hoon that the government's move to raise the import tariff rate on electric vehicles is likely to settle at a balance point between Japanese and Chinese automakers, and he believes it will not affect sales in the near term, because the EV brands the company manages have already prepared to a certain extent for the policy change. The company expects sales to remain strong on continued market demand, combined with global oil prices that have just climbed back to around 100 dollars per barrel, a factor pushing more consumers to consider switching to electric vehicles. At the same time, the tariff increase, which has not yet taken immediate effect, may trigger a rush of buying beyond normal levels. The company therefore plans to manage its inventory several months in advance to ensure sufficient supply for demand throughout the year, and expects its automotive business performance in the second half to grow substantially better than in the first half. Currently, the automotive business accounts for about 35 percent of AGE's total revenue, and the company expects the share from the electric vehicle business to expand to about 40 percent of total revenue by the end of this year. Its other three core businesses, coal, Smart Logistics, and Sustainable Energy, also remain on a good trajectory, in line with the business plan the company has announced: in 2026, AGE still aims to drive growth in its core businesses, expand new businesses, improve cost management efficiency, and maintain its competitiveness. It also views Low Emission Mobility as one of the businesses with growth potential that will support the group's revenue growth over the long term.

Impact on stocks 1

Energy Transition & Power Demand▲ · 1 stocks
Asia Green Energy Public Company Limited
AGE
▲ PositiveTariffDemandrelevance

Government's EV import tariff hike is expected to settle at a balance point and not hurt sales, with the company having prepared for the policy change.

Theme Impact 2

Off-coverage companies 1

AGE Venture Co., Ltd.Private▲ Positive
Tariffrelevance

As the entity managing the EV brands, AGE Venture is positioned to absorb the import tariff adjustment without near-term sales impact.

Related news

▼2

US auto industry groups urge Trump to block Chinese-made vehicles

Several US auto industry groups have sent a letter to President Trump urging him to block Chinese-made automobiles from entering the US market, ahead of a planned US-China summit next week. Among the groups that signed the letter are the Alliance for Automotive Innovation, which includes passenger car manufacturers from Japan, the US and Europe, and the National Automobile Dealers Association. Chinese-made passenger cars are effectively shut out of the US market by high tariffs and other measures, and the letter, dated the 17th, calls for the current policy to be maintained. It argues that easing entry restrictions would "undermine fair competition."
Electrification & Mobility ▼
Jiji Press·6hRead more →

Tesla Brings European Semi to Hanover, Targeting 550-Kilometer Range

Tesla is preparing to enter the European electric truck market, bringing its European Semi to the IAA Transportation trade fair in Hanover, Germany, after publishing key European specifications ahead of the event. The European version of the Semi offers a range of up to 550 kilometers and energy consumption of about 1 kilowatt-hour per kilometer, with deliveries poised to begin next year. According to Transport & Environment, new entrants collectively could capture 24% to 31% of Europe's electric heavy-truck market by 2030, though that estimate assumes manufacturers meet their stated production and sales ambitions. Tesla faces aggressive competition from established manufacturers that already offer EV trucks and hold extensive fleet-operator relationships, and its 550-kilometer range sits below some competing models that can travel roughly 700 kilometers on a single charge. The company would also need heavy capital spending on high-power charging infrastructure along freight corridors and must scale production alongside Semi deliveries to achieve mass adoption. Hedge fund holdings in Tesla declined to 116 in the second quarter from 123 in the first quarter, with BAMCO Inc. raising its stake by 5% to approximately $5.27 billion and DE Shaw cutting its position by 1% to about $1.83 billion.
TSLA
Electrification & Mobility
Insider Monkey·8hRead more →
▼3impact 5

Volkswagen Cuts 2026 Profit Outlook on China Slump and Porsche Writedown

Volkswagen has dramatically cut its 2026 profit outlook, now expecting an operating margin of no more than 1% this year, down from its previous forecast of at least 4%. The German carmaker expects around €10 billion, or $11.5 billion, in charges this year, including restructuring costs tied to workforce reductions and writedowns on Chinese assets; that total includes a €6-billion writedown related to Porsche, reflecting revised long-term expectations for the sports-car maker. Excluding the exceptional charges, Volkswagen said its operating margin would be around 4%. Volkswagen shares fell more than 7% following the announcement, dragging other automakers lower. Chief Financial Officer Arno Antlitz said the Chinese market has contracted by around 20%, with no stabilization currently in sight, while Chinese automakers take domestic share and expand into Europe with competitively priced electric vehicles. Volkswagen also said growing EV sales are weighing on profitability at its Volkswagen passenger-car and Audi businesses, and it recently reached an agreement with labor representatives that could increase planned job cuts to 100,000 globally.
VOW.XETRA ▼P911.XETRA ▼
Electrification & Mobility ▼
Bloomberg·12hRead more →
© 2026 MarketDXNews