A deal has been struck between the Federation of Thai Industries (FTI) and global car manufacturers to aid approximately 1,700 local auto parts manufacturers in transitioning from the production of traditional internal combustion engine (ICE) car parts to those for electric vehicles (EVs). Evolving global campaigns for zero-emission vehicles necessitate this shift.
The FTI is facilitating collaborations between local manufacturers and automakers hailing from Japan, Europe, the US, and China. This is being accomplished under the FTI Future Mobility-ONE (CFM-ONE) unit, established to bolster the development of Thailand’s automotive industry.
Chinese car manufacturers are currently making strides in the development of EV and battery technologies, alongside expanding their investment in Thailand. “The FTI has joined hands with seven Chinese EV…
