The Board of Investment (BoI) on Monday approved a combined 209.5 billion baht worth of investment applications in manufacturing and infrastructure projects, including 36.1 billion baht by Horizon Plus Co, a joint venture between Taiwan’s Foxconn and Thailand’s PTT Plc, to make battery electric vehicles (EVs).
The board also approved enhanced benefits for investments in battery production, an improved package for the promotion of investment in smart industrial estates and zones, and an incentive package for upgrading existing industrial estates and zones.
“The rollout over the last three years of measures to boost investment in EVs is already showing clear results and by improving the incentives for battery production, an essential element of the industry’s transition, we hope to strengthen the supply chain,” said Duangjai Asawachintachit, the BoI’s…
