South East Asian NCAP is focused on Malaysia, Phillipines and Singapore. Its members consist of these countries' automobile clubs and a Malaysian safety institute, limiting the financial resources for testing compared with European NCAP with its many more, partially state agency members. Therefore, fewer cars are tested, 3 cars in 2021 and 3 cars 2022 to date (European NCAP 37 cars 2021 and 37 cars 2022 to date). The SE ANACP test rating excludes general vulnerability of other road users, but includes motorcyclist safety since 2021, which focus makes sense.
I understand @vinny41' arguments that a test is accurate only for the country specific version of a car model. We do not know if the manufacturer saved on a driving assistant for Thailand, the Philippines, or both, i.e. we do not know if a SE ANCAP or a European NCAP test result is more relevant for Thailand. I assume that the ratings for occupants' protection (given same number of airbags) do not much depend on the country version, but there may be a different test result for the driving assistants. E.g, I consider the inabiliy of the Ora GoodCat's adaptive cruise control to scope with large speed differentials to be safety relevant, and other country versions may not have the same problem, because GWM forgoes on the THB 1'000 savings per car for other markets.
*****-NCAP ratings probably indicate decent safety standards irrespective of the NCAP body and the car's country, while the ≤ THB 500'000 cars are not likely to get *****-ratings anywhere.
