BoI says plant with annual capacity of 100,000 units will be ‘significant milestone’
The Chinese automaker Changan Auto will invest 9.8 billion baht in a facility in Thailand to produce 100,000 electric vehicles annually, the Board of Investment (BoI) said on Thursday.
The company aims to market its EVs in Thailand, Southeast Asia and Australia, said BoI secretary-general Narit Therdsteerasukdi.
Thailand is Asia’s fourth-largest automobile assembly and export hub for carmakers like Toyota and Honda. The industry accounts for about 10% of the country’s GDP and manufacturing jobs.
“Changan’s decision…
