German and French firms eye Thailand’s booming electric vehicle sector

A surge of interest in Thailand’s budding electric vehicle (EV) industry has been noted among businesses from France and Germany. The Thailand Board of Investment (BoI) revealed this interest following an investment promotion roadshow in these European nations.

The BoI’s Deputy Secretary-General, Wirat Tatsaringkansakul, suggested a particularly keen receptiveness from French and German investors. These potential investors are reportedly looking into expanding their production bases and outsourcing companies to satisfy the surging demand of the Asian market.

It’s not just an interest in the pure EV industry. Investment prospects in the components of EVs, electronics, as well as the medical and healthcare sectors are also being eagerly explored by these investors.

France and Germany were the venues for an investment encouragement roadshow,…