Chery’s EV dreams charge ahead in Thailand: BoI blessings pending

China‘s Chery International, through its subsidiary Omoda & Jaecoo International Co, intends to establish an electric vehicle (EV) production facility in Thailand, pending Board of Investment (BoI) privileges. Qi Jie, Thailand’s national director at Omoda & Jaecoo International, will unveil detailed investment and business plans in the coming months.

Chery, one of China’s top vehicle manufacturers, plans to introduce two EV brands, Omoda and Jaecoo, in Thailand, expecting a positive response from local consumers.

Thailand’s EV investment plan consists of three phases, with the first, slated for 2024-25, targeting an annual EV production capacity of approximately 18,000 units. Discussions are underway with Arun Plus Co, a subsidiary of PTT Plc, regarding potential EV manufacturing for Omoda & Jaecoo before establishing a dedicated…