The Thai government has announced the establishment of a China Automotive Technology and Research Center (CATARC) in Thailand, making it the fourth global facility of its kind.
This comes after major investments from Chinese carmakers in the country, with companies like BYD and Great Wall Motor committing to investing $1.44 billion in new production facilities.
Key Takeaways
- The establishment of the China Automotive Technology and Research Center (CATARC) in Thailand highlights the growing investment from Chinese carmakers in the country’s electric vehicle (EV) manufacturing sector.
- CATARC will assist Chinese automakers by tracking automotive standards and regulations in Thailand and surrounding countries, providing valuable information for their operations.
- Thailand aims to convert a significant portion of its annual vehicle production into EVs by 2030, with the government…
