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Monday, May 6, 2024

BoI smooths path for Chinese investor

Chinese firm to spend 6 billion baht to establish an electric vehicle operation in Thailand

An electric vehicle (EV) charging outlet is shown at the Fast Auto Show Thailand and EV Expo, currently taking place at Bitec. The government is promoting Thailand as a major production hub for EVs and EV parts.

The Board of Investment (BoI) is working with seven state and private agencies to support and facilitate the investment of Chinese electric vehicle (EV) maker GAC Aion, the third-largest seller of EVs in China, as the company aims to expand its business into Thailand.

GAC Aion recently announced its entry into the Thai market and its readiness to invest more than 6 billion baht to establish…

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