The construction market in Asia Pacific is forecasted by GlobalData to grow by 3.7% in real terms in 2024, having grown by 3.9% in 2023. A key growth market will be the infrastructure market, with output rising by 11.9% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are Asia Pacific’s five largest automotive construction projects that were initiated in Q3 2024, according to GlobalData’s construction projects database.
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1. Tamil Nadu Electric Vehicle Manufacturing Plant
The project involves the construction of an electric vehicle manufacturing plant with manufacturing capacity of 250,000 in in Panapakkam, Ranipet District, Tamil Nadu, India.
Construction work started in Q3 2024 and is expected to be completed in Q4 2030.
2. Fuqing Automotive Glass Export Base
The project involves the construction of an automotive glass export base with an annual capacity of 4 million sets with a 420,000m2 floor area in Fuqing, Fujian, China.
Construction work commenced in Q3 2024 and is expected to finish in Q4 2025.
3. Kim Long Car Engine Manufacturing Plant
The project involves the construction of a car engine manufacturing plant with a production capacity of 12,000 units per annum at Kim Long Motors Hue Industrial Park, Chan May-Lang Co Economic Zone, Thua Thien-Hue, Vietnam.
Construction work started in Q3 2024 and is forecast to complete in Q4 2026.
4. Electric Car and Battery Manufacturing Plant
The project involves the construction of an electric car and electric vehicle battery manufacturing plant with a production capacity of 50,000 units per year in Subang, Indonesia.
Construction work commenced in Q3 2024 and is expected to be completed in Q4 2025.
VinFast Auto Ltd wants to invest around $1,200 million in the Indonesian market in the coming years. Buy the profile here.
5. Kanuma Automobile Parts Manufacturing Plant
The project involves the construction of a 23,748m2, three-story automobile parts manufacturing plant on 7.1ha of land in Kanuma City, Tochigi Prefecture, Japan.
Construction work started in Q3 2024 and is expected to be completed in Q3 2026.
For more details on the latest construction projects, buy the profiles here.
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