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Sunday, May 5, 2024

Shocking surge: Chinese EV makers eyeing membership in FTI

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Chinese electric vehicle (EV) makers are expressing interest in joining the Federation of Thai Industries (FTI) to support the growth of Thailand’s emerging EV sector. The FTI is currently in discussions with Chinese automobile manufacturers and aims to reach a decision shortly, according to Surapong Paisitpatanapong, vice-chairman of the FTI and spokesman for the FTI’s Automotive Industry Club.

He said…

“Most EV makers from China, including companies that already announced investment plans in Thailand as well as newcomers, are displaying an interest in becoming members of the Automotive Industry Club.”

Presently, the club has members from Japan, Europe, and the US, who play a crucial role in advancing Thailand’s automotive industry.

Surapong noted that the addition of Chinese firms would increase Thailand’s car manufacturing capacity by 100,000…

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