Chinese EV manufacturers pour money into Thailand

Chinese EV manufacturers have shown interest in investing over $1.44 billion in the production of electric vehicles (EVs) in Thailand.

This comes as Thailand aims to have EVs make up 30% of all vehicles produced in the country by 2030.

Key Takeaways

• Chinese EV manufacturers are interested in investing over $1.44 billion in Thailand’s electric vehicle production, thanks to the government’s investment promotion.
• The arrival of Chinese EV manufacturers would boost the popularity of electric vehicles in Thailand, the second largest car market in ASEAN.
• Thailand has seen a significant increase in EV registrations, with 31,000 EVs registered in the first half of 2023, three times more than the entire year of 2022.

Chinese companies, GSC Aion New Energy Automobile and Svolt Energy Technology, have already committed large investments to EV production and battery production in Thailand. The…