The source said the state-owned company recently received the greenlight from the Chinese government to apply for investment promotional privileges from the Board of Investment of Thailand (BOI).
In the first phase, it aimed to invest 8.8 billion baht to establish the first manufacturing base in Thailand that would focus on 100% electric vehicles, plug-in hybrid vehicles (PHEV), and range extended electric vehicles (REEV).
The Chongqing-based automaker, which sold over 2 million EVs last year, aims to unveil its first made-in-Thailand model at the Motor Expo 2023, which is scheduled to run from November 30 to December 11 at Impact Exhibition and Convention Centre in Nonthaburi province, said the source.
BOI’s secretary general Narit Therdsteerasukdi has said that Changan started studying investment possibilities in Thailand in 2020.
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