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Friday, May 10, 2024

Thailand essential to GWM’s ambitious plans

Mr Shi is helping GWM strategically grow its EV businesses in Asean.

Chinese sport utility vehicle manufacturer Great Wall Motor (GWM) is determined to expand its electric vehicle (EV) business in Asean, with Thailand and Indonesia selected as its top destinations.

The company views Thailand, which is promoting EV production and consumption, as its major EV market, while Indonesia, which is rich in nickel, is suitable as a base for battery manufacturing, said Parker Shi, vice-president of GWM.

Nickel is a key raw material for the production of EV batteries.

Mr Shi said GWM is aware of challenges, ranging from tougher competition in the EV industry to the prolonged global semiconductor shortage, but he believes the company will be…

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