
BYD and NETA Announce Construction of EV Factory in Thailand
While the penetration rate of new energy vehicles in China will no doubt continue to grow in 2023, domestic manufacturers are accelerating their exploration of the Thai market.
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While the penetration rate of new energy vehicles in China will no doubt continue to grow in 2023, domestic manufacturers are accelerating their exploration of the Thai market.
Chinese companies entering Thailand are increasing rapidly. In addition to large car companies such as BYD and Changan Automobile, home appliance and electronic component companies are also establishing bases.
The CNSA and the Ministry of Higher Education, Research and Innovation of Thailand jointly signed a MOU on exploring and peacefully using outer space cooperation, as well as a MOU on cooperation in international lunar research stations.
Changan Automobile has officially established a Southeast Asia Division. At the same time, it sets up three local companies and localized operation teams. The construction of a new-energy vehicle production base in Thailand has also begun.
With its advantages in automobile manufacturing and preferential tariff policies, Thailand is emerging as an important destination for China's new energy vehicle makers to begin exploring international markets.
On August 16th, the Thailand Board of Investment announced that Changan has applied to build an electric vehicle and hybrid vehicle factory in Thailand.
Chinese automotive firm Great Wall Motor's HAVAL H6 PHEV model officially went on sale in Thailand on October 7, marking the first time the car has been launched in an overseas market since its domestic launch on September 28.
The Thailand branch of Chinese smartphone brand realme posted a preview to its Instagram accounts on Sunday, revealing that the realme C35, which bagged NBTC certification last month, will be unveiled on February 10.
On September 8, BYD's Thailand division and local industrial developer WHA signed a purchase agreement for 96 hectares of land, which will be the site of its first wholly-owned overseas passenger car factory in Thailand.