Once in its infancy, Myanmar’s electric vehicle (EV) industry is steadily developing. The National Level Electric Vehicle and Related Industry Development Steering Committee released an updated list featuring 87 licensed companies as of May 2025. This expanding list underscores growing interest and investment in the sector, with four new companies joining this year alone.
The updated list includes companies engaged in a broad spectrum of EV-related activities such EVs and EVs related parts, charging infrastructure, and electric bus (e-bus) transport. The latest additions emphasize critical pillars of Myanmar’s green mobility agenda, including charging station development and e-bus services.
This development provides a clear indication of interest for foreign investors: Myanmar’s EV market is no longer nascent. With clear regulatory frameworks, increasing private sector participation, and government support, Myanmar is fast becoming a regional hotspot for electric mobility and supporting industries.
Newly Joined Companies in 2025
- Agape Love Co., Ltd.
- Precision Auto Engineering Co., Ltd.
- Unitrust Enterprise Group of Co., Ltd.
- Sandi Solar Renewable Energy Development Co., Ltd.
Full List of Licensed Companies in Myanmar’s EV Sector (as of May 2025):
- 99 Myanmar Co., Ltd.
- Aung Gabar Motor Services Co., Ltd.
- Aung Gyi Group of Companies
- Amazing Auto Co., Ltd.
- Asia Pacific Automaker Corporation Co., Ltd.
- Auto Top Power Co., Ltd.
- AGB EV Co., Ltd.
- Alpha Alliance Automobile Co., Ltd.
- Aung Kan Bo Motorcycle Industrial Co., Ltd.
- Aung Kan Bo Truck & Machinery Co., Ltd.
- Agape Love Co., Ltd. *
- Atiz Myanmar Co., Ltd.
- Be One Trading Co., Ltd.
- Boson Motor Co., Ltd.
- Chin Dwin Shan Construction Co., Ltd.
- China Auto Group Co., Ltd.
- Chindwin Ayeyar Confluence Trading Co., Ltd.
- Dagon Arr Mahn Thit Co., Ltd.
- Dongfeng Motor Corporation Limited
- Essential Motors Co., Ltd.
- EV Power Co., Ltd.
- Earth Renewable Energy Co., Ltd.
- EV One (Myanmar) Co., Ltd.
- FARA Myanmar EV Co., Ltd.
- Gold Twin Tigers Trading Co., Ltd.
- Grand Sirius Co., Ltd.
- G-Energy Plus Myanmar Co., Ltd.
- Global KLM Co., Ltd.
- Golden Mandalar Co., Ltd.
- Great Motor Myanmar Co., Ltd.
- Great Sapphire Co., Ltd.
- Htet Wai Yan Hein Co., Ltd.
- Innogen Myanmar Co., Ltd.
- Midmay Group Ltd.
- Myanmar Arr Thit Man Motor Co., Ltd.
- Myanmar Brilliance Auto Co., Ltd.
- Myanmar Construction & Development Infrastructure Co., Ltd.
- Myanmar Great Motor Co., Ltd.
- Myanmar SWM Motor Co., Ltd.
- MMM Plus Auto Co., Ltd.
- Myan Auto Co., Ltd.
- Myanbake Co., Ltd.
- Myanmar New Energy Motor (MNEM) Co., Ltd.
- Mandalar Min Trading & Transportation Co., Ltd.
- NPK Motors Co., Ltd.
- Nation Guards Security & Engineering Co., Ltd.
- NS International Co., Ltd.
- NCX Myanmar Co., Ltd.
- Octagon International Services Co., Ltd.
- Paragon Machinery Power Group Co., Ltd.
- Platypus Co., Ltd.
- Premier Automotive Limited
- Pan Theingi Trading Co., Ltd.
- Performance Auto International Co., Ltd.
- PMPG – EV Myanmar Trading Co., Ltd.
- Prestige Automobile Co., Ltd.
- Precision Auto Engineering Co., Ltd.
- Pioneer Aerodrome Services Co., Ltd.
- Qingdao CRRC Sifang Rolling Stock Co., Ltd.
- Super Seven Stars Motors Industry Co., Ltd.
- Sein Oh Si Auto Co., Ltd.
- SGE Myanmar EV Co., Ltd.
- Shambhala Co., Ltd.
- Shwe Thway Co., Ltd.
- Soe Lay & Daughter Co., Ltd.
- Soe Moe Thu Co., Ltd.
- Star Capital Ltd.
- Super Seven Stars Automotive Co., Ltd.
- Sustainable Honest Co., Ltd.
- Shweli River Trading Co., Ltd.
- The Golden Octopus Co., Ltd.
- T & Z Finance Co., Ltd.
- Takhon Lin Latt Co., Ltd.
- Tharapuu Soe Myint Group of Companies
- The Great Merger Co., Ltd.
- The Great Square Power Co., Ltd.
- Tikhina Co., Ltd.
- UV Automotive Co., Ltd.
- Unitrust Enterprise Group of Co., Ltd.
- Win Motor Myanmar Co., Ltd.
- Yaung Ni Oo Automobile Co., Ltd.
- Y Mountain Co., Ltd.
- Yang Ming Shan Co., Ltd.
- YP 7 Co., Ltd.
- Yar Zar Min Industry Co., Ltd.
- Yangon Aerodrome Co., Ltd.
- Sandi Solar Renewable Energy Development Co., Ltd.
Notable Focus Areas:
- E-Bus Transport Services:
- Yar Zar Min Industry Co., Ltd.
- Mandalar Min Trading & Transportation Co., Ltd.
These companies operate electric bus services, marking early progress toward electrified public transit.
- Charging Station Operations:
- Agape Love Co., Ltd.
- Pioneer Aerodrome Services Co., Ltd.
- Yangon Aerodrome Co., Ltd.
- Sandi Solar Renewable Energy Development Co., Ltd.
These companies specialize exclusively in EV charging infrastructure, a critical foundation for Myanmar’s EV network.
Conclusion
While the importation of EVs has been deprioritized under current policy, the entry of new players and diversification of activities signal that Myanmar’s EV ecosystem is evolving. This transition creates timely opportunities for foreign investors to participate in vehicle assembly, battery systems, energy solutions, and charging infrastructure in an emerging Southeast Asian market. Additionally, it is important to note that illegal imports remain subject to legal action under Myanmar’s Consumer Protection Law.
The information provided here is for information purposes only and is not intended to constitute legal advice. Legal advice should be obtained from qualified legal counsel for all specific situations.
