Revealing the list of 10 Asian companies to watch in 2566.

Nikkei Asia news agency reported on January 6, 2566. that after a turbulent year of war, inflation, and a protracted epidemic Asian companies are growing with the aim of disrupting domestic and international markets in 2566. Here are 10 companies we expect to hear more about next year:

1.BYD

BYD, Chinese electric car manufacturer From a company that started out as a manufacturer of mobile phone batteries and is still little known outside of China. Entering 2566 after reaching a major milestone, outselling industry leader Tesla in the world's largest auto market.

BYD founder Wang Chuanfu attributes BYD's growth to its presence in every part of the auto supply chain. This includes battery packs and chips that are critical to EVs, as well as beneficial government policies to promote EV development.

Backed by Warren Buffett, one of the world's most famous investors, BYD is set to diversify this year. The company plans to enter the premium "million yuan" (about $142,000) car segment with the launch of the Yangwang sedan in the first quarter, expanding beyond affordable models priced under $50,000. Targets underdeveloped overseas markets by building a $491 million manufacturing facility in Thailand Groups listed in Hong Kong and Shenzhen have announced similar plans for India. and will start selling EVs in Japan as well. Challenge competitors like Toyota

2.Indika Energy

Indika Energy posts record profits in 2565 as war in Ukraine boosts global demand. Indika now plans to accelerate diversification from coal in the face of growing concerns about climate change and the threat it poses. exists

Indika wants to generate half of the group's revenue from non-coal businesses by 2568, up from 14% as of June. In September, the company announced a joint venture with Taiwanese technology group Foxconn, Foxconn Indika Motor, with initial plans to produce batteries and electric buses in Indonesia. This follows Indika's signing of preliminary agreements with Foxconn, Taiwanese electric scooter maker Gogoro and Indonesian Battery Company to explore broad areas of investment cooperation to develop Indonesia's EV ecosystem.

3.COMAC

Commercial Aircraft Corporation of China (COMAC), which celebrated its 15th anniversary in May. is taking another step in its mission to break the global monopoly on medium-sized commercial aircraft built by U.S. Boeing and Europe's Airbus. On Dec. 9, the first narrow-body C919 jet was unveiled. Dubbed dafeiji, which means "large plane," the aircraft was handed over to China Eastern Airlines, starting a challenge to Boeing's 737 and Airbus' A320.

While the aircraft uses Chinese technology Key components, including engines, continue to come from the United States and Europe. The 300 orders placed by seven state lessors in November are likely to be destined for domestic carriers. How far China's big new plane will be able to fly is an open question for 2566.

Indika is also looking to develop Ilectra Motor Group, an established e-scooters maker, before bringing in outside venture capital investors. Ilectra launched its Alva One brand in August, according to Indika Chairman Arsjad Rasjid, who heads the Chamber of Commerce and Industry. of Indonesians said Affordability is a key strategy for Ilectra.

4.Rohm

Rohm, Japanese power chip maker It posted its highest annual sales in 21 years in 2565 and is expected to continue growing in 2566, a testament to how the company founded in 2501 is benefiting from a new focus on automotive chips. The changes reflect Japan's efforts to reinvent itself as a major semiconductor powerhouse.

Rohm, based in Kyoto has emerged as a key player in the much-anticipated acquisition of Toshiba. It's part of a $1.6 billion takeover offer. by a group of 20 or more companies and is seen as the largest funder along with rental company Orix.

Rohm's plan appears to be to join forces with Toshiba, which also makes power chips. To strengthen its position in a market that is expected to grow 10% per year between 2563-2568.

5.VNG

VNG, Vietnam's first unicorn It has become one of the most exciting companies in the country. It is likely to launch an initial public offering (IPO) this year, with some shares trading on local stock exchanges for unlisted companies. This is a move that is often used for companies. To test the stock market before a formal IPO, VNG is reportedly looking at a U.S. listing.

The Tencent-backed startup has become one of the rising stars of the tech scene in Southeast Asia. It offers services ranging from gaming, messaging and mobile payments. to intelligent voice assistants and cloud computing

VNG was founded in 2547 by Le Hong Minh, an Australian-educated investment banker. It started as an online game publisher and developer called Vinagame and expanded to other markets in Asia, competing with Singapore-based competitor Sea. With users in more than 130 countries, VNG aims to reach 320 million customers worldwide by 2566.

Vietnamese tech companies have expanded into other areas. This is especially true of Zalo, a messaging app that launched in 2555. The service overtook Meta's Facebook Messenger in Vietnam in 2563 and now has over 74 million active users in its home market. This app is used to chat, buy things, send money, and pay bills.

6.Aqumon

The Hong Kong startup, backed by Alibaba Group Holding, is one of a new breed of robo advisers that create algorithms to recommend investments. Aqumon sells its services to banks and securities firms. This will help customers make investment decisions. Having made a name for himself in Hong Kong and the wider Greater Bay Area, including Macau and Guangdong, Being one of the richest parts of China, Aqumon will focus on expanding its business in Southeast Asia in 2566, targeting Indonesia, Thailand and Singapore. In 2566, the company expects its revenue to triple. of the year 3

7.Serum Institute of India

Serum Institute of India (SII), the world's largest vaccine producer. It has become a household name during the COVID-19 pandemic. After receiving a license to produce the Oxford-Astra Zeneca vaccine, the pandemic proved inoculation in just 6 months to September 2564, SII's revenue increased 1.7 times for the full fiscal year ending March 2563, according to CARE Rating

The net worth of SII owners reached $2.1 billion in 2565, according to Forbes. Chief Executive Officer Adar Poonawalla is now preparing SII for its next phase of growth. Building a factory that will double annual vaccine production capacity to 2 billion doses, Poonawalla has bought Schott Kaisha, a maker of glass vials and syringes. To strengthen the procurement of packaging materials He also invested in MyLabs, which makes COVID test kits.

8.Xiaohongshu

The platform, backed by Tencent Holdings and Alibaba Group Holding, whose name means “little red book,” lets users share food tips. Exercise, skin care and style in photos and videos With monthly active users reaching 200 million, 70% of whom are women born after 1990, according to the company, Xiaohongshu has become an important place for brands to market online.

Xiaohongshu's potential strength pushed it to a valuation of $2 billion in 2564, but it has since halved in private trading in 2565, according to the Financial Times. Chief Financial Officer Yang Ruo resigned in September. After working for less than two years And this is taken as a sign that the company may not have immediate plans for an IPO.

9.UMC

Taiwan's United Microelectronics Corp. (UMC) has sometimes flown under the radar compared to domestic giants like Taiwan Semiconductor Manufacturing Co., but like TSMC, UMC, the world's No. 3 contract chipmaker, is expanding its power. Production abroad as geopolitical tensions build Global technology supply chain

Before the China-US technology war, UMC and China's top chip makers Semiconductor Manufacturing International Co. is a fierce competitor. By offering similar chip manufacturing technology, UMC is now benefiting from the desire of global chip developers and electronics manufacturers to expand their “non-Chinese” supply chains, reducing their reliance on chips produced locally. China The company posted record revenues during a record chip shortage over the past two years.

10.Nidec

Japanese automotive manufacturer Nidec celebrates its 50th anniversary in 2566. The company has made several acquisitions in the machine tools sector. which is seen as a major growth driver Including Japanese manufacturer OKK, Italy's PAMA and the machine tools division of Mitsubishi Heavy Industries, the group is preparing for the big shift to electric cars by creating a system that allows it to create key drive units and components for EVs in-house.

The company is also working to create a durable executive succession plan. After founder Shigenobu Nagamori returned as CEO in April, he replaced Jun Seki, who joined Nissan Motor, as chairman. but resigned from that position in September.

refer : https://asia.nikkei.com/Business/Business-Spotlight/10-Asian-companies-to-watch-in-2023