The Federation of Thai Industries’ (FTI) auto parts club is working to help 2,500 auto parts manufacturers accustomed to producing parts for internal combustion engines (ICE) to shift towards electric vehicle (EV) technology by launching an EV component development plan.
EVs are expected to replace oil-powered cars, threatening to disrupt auto parts production in the future, said Pinai Sirinakorn, chairman of the club.
More than 30,000 auto parts are used in an ICE-powered car, but it is estimated around 15,000 of them would no longer be required if an electric version of the same vehicle were produced, according to SET-listed rubber auto parts…
