GAC Aion to invest 6 billion baht in Thai EV market expansion

China‘s third-largest electric vehicle (EV) producer, GAC Aion, is gearing up to expand its operations in the Thai market. In an ambitious plan, the automaker pledged to pour over 6 billion baht into the establishment of manufacturing and sales facilities in Thailand.

This noteworthy market penetration comes as the result of the Board of Investment’s (BoI) careful arrangement involving seven diverse state and private entities. This multi-faceted alliance of agencies convened on July 6 to streamline and expedite the administrative components of GAC Aion’s proposed expansion.

An amalgamation of the Excise Department, the Customs Department, the Office of Industrial Economics, the Department of Business Development, the Department of Land Transport, the Industrial Estate Authority of Thailand, and the Thai Subcontracting Promotion…