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Chinese electric vehicle investment plans in Thailand

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Chinese electric vehicle manufacturers are pouring into Thailand, having committed to invest $1.44 billion in production facilities in Southeast Asia's biggest automaking hub that has long been dominated by Japanese companies.

, will invest 9.8 billion baht to set up its first right-hand drive EV factory outside China, according to the BOI.

China's Chery Automobile [RIC:RIC:CHERY.UL], which first rolled out a self-developed EV in 2009, is "very interested" to invest in Thailand and plans to enter the market early next year, according to the BOI. In the first half of 2023, over 31,000 EVs were registered in Thailand, more than three times the number for all of 2022, the BOI said, citing industry data.

 

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