China to set up auto research hub in Thailand

BANGKOK  – China will establish a China Automotive Technology and Research Center (Catarc) in regional automaking hub Thailand, Thailand’s government said on Friday, the center’s fourth such facility in the world.

Thai government tax incentives and subsidies have already drawn Chinese carmakers, including BYD and Great Wall Motor, which have committed to investing $1.44 billion in new production facilities in the country.

CATARC, a Chinese government affiliated auto research institute, has centers in Germany, Switzerland and Japan and the latest one will facilitate Chinese electric vehicle (EV) manufacturers in Thailand, Thai government…