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Monday, May 6, 2024

Chinese investors express interest in EV projects

Kanit Sangsubhan, secretary-general of the EEC Office

More Chinese investors are interested in carrying out electric vehicle (EV) projects in the Eastern Economic Corridor (EEC), with next-generation car development among the targeted S-curve industries in the EEC.

Investors want to bring in suppliers from China’s automotive sector to invest here to serve supply chains, said Nongnuth Phetcharatana, the EEC Office’s special adviser on foreign affairs.

“The Thai EV policy is attractive to foreign investors and, with tax and investment incentive packages, the EEC is regarded as an investment destination,” she said.

German investors also plan to invest in EV battery manufacturing facilities to serve growing demand for EVs in the…

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