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Business – “Chinese Tech Company Selects Thailand for New Overseas Manufacturing Facility”

Article Summary:

Hesai Technology, a leader in light detection and ranging (LiDAR) solutions, has announced plans to establish its first manufacturing base outside of China in Thailand. This strategic move underscores the country’s growing significance in the high-tech industry.

During the World Economic Forum summit held in Davos, Switzerland, Thailand’s caretaker finance minister Ekniti Nitithanprapas, alongside the secretary-general of the Board of Investment, met with David Li, co-founder and CEO of Hesai Technology. Discussions focused on the company’s expansion plans and its decision to invest in Thailand’s technology sector.

This investment highlights Thailand’s appeal as a hub for technological innovation and smart manufacturing. The establishment of Hesai’s manufacturing base is expected to foster job creation and boost the local economy.

Original Article:

Bangkok Post – Chinese tech firm chooses Thailand for overseas plant

Mr Ekniti, centre, and Narit Therdsteerasukdi of the Board of Investment, right, meet with Mr Li at Davos.

Hesai Technology, a global leader in light detection and ranging (LiDAR) solutions and intelligent vehicle navigation systems, says Thailand will host its first manufacturing base outside China.

According to caretaker finance minister Ekniti Nitithanprapas, who led Thailand’s delegation to the World Economic Forum summit in Davos, Switzerland from Jan 19-22, he and the secretary-general of the Board of Investment held discussions with David Li, co-founder and chief executive of Hesai Technology, on the company’s business expansion plans and decision to establish…

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