China auto equipment maker to invest in Thai electric motorbike plant

BANGKOK/SHANGHAI — Chinese automotive equipment manufacturer Suzhou Harmontronics Automation Technology will build an electric motorcycle factory in Thailand’s Eastern Economic Corridor (EEC), eyeing a market set to grow thanks to government subsidies.

The company plans to invest 10 billion baht ($281 million) to secure annual production capacity of 150,000 units by 2028. The plans were revealed by the office of the EEC on Tuesday.