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Monday, April 29, 2024

Changan closes THB8.8bn deal to set up EV plant in Thailand

Shen said Changan’s phase-one investment of over 8.862 billion baht covers production of right-hand drive vehicles, including battery EV, plug-in hybrid EV (PHEV), and range-extended EV (REEV) to penetrate the Thai market and export to Asean, Australia, New Zealand, the UK and South Africa.

The plant will have production capacity of 100,000 vehicles per year from 2025.

Phase two will see a 300-rai expansion to boost production capacity to 200,000 vehicles per year, Shen added.

Changan models will be displayed at the 40th Thailand International Motor Expo 2023 at Impact Exhibition and Convention Centre in Nonthaburi from November 30 to December 11. 

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