Guangzhou Automobile Corporation (GAC), China’s second-largest electric vehicle (EV) seller, is set to invest 6 billion baht in the construction of EV and battery factories in Thailand over the next three to five years. The move will transform the country into a key production and export base for the firm.
Ocean Ma, who oversees the company’s subsidiaries, Aion Automobile Manufacturing and Aion Automobile Sales (Thailand), stated that the firm is currently determining the factories’ location and production capacity. The aim is to cater to both domestic and overseas markets.
This move aligns with the Thai government’s ambition of transforming the country into a regional hub for EVs. The National EV Policy Committee declared in 2021 its intention to make half of the locally-made vehicles EVs by 2030.
Aion, in keeping with the environmental policies of…
