Thailand is reportedly in talks with China’s Contemporary Amperex Technology Co Ltd (CATL) and other battery makers to build production facilities in Southeast Asia’s second-largest economy that has ambitions to become a regional EV production hub.
These discussions come as Thailand, a regional autos hub, pushes to become a key player in the global electric vehicle (EV) supply chain outside of China by offering tax cuts and subsidies to drive EV adoption and production.
Narit Therdsteerasukdi, Secretary General of Thailand Board of Investment (BOI), said Thailand is currently talking to “many companies in the battery industry.”
Narit did not give details and it was not clear how advanced the discussions…
