Chinese automakers embrace Thailand in race for electric vehicle dominance

Thailand, being the largest auto manufacturer in Southeast Asia, boasts a well-established auto industry with over 60 years of vehicle assembly and manufacturing experience. Annually, the country produces almost two million vehicles, accounting for roughly half of the Southeast Asian auto market.

Chinese automakers have been quick to spot the country’s enormous potential, in particular eyeing the opportunities that can arise from its next stage of evolution: electric vehicles.

As of July this year, Chinese EV makers have dedicated a substantial investment of USD 1.44 billion to establish production facilities in Thailand. According to Reuters, this move could disrupt the stronghold that Japanese companies have traditionally held over Southeast Asia’s auto manufacturing industry.

Detroit of the East

Since 2008, Thailand has been working towards becoming the “Detroit of the…