Thailand is working to establish itself as a leading center for Electric Vehicle (EV) production.
Over the next five years, Thailand anticipates that investments in electric vehicles and related technologies will exceed 200 billion THB (US$5.5 billion).
BANGKOK: While the electric vehicle (EV) industry has faced slowdowns in regions like the United States, Thailand remains steadfast in its goal to become Southeast Asia's leading EV manufacturing hub. The Board of Investment (BOI), which encourages foreign investment in Thailand, has approved 24 projects from automakers for the production of various electric vehicles, including battery and hybrid models. These projects are set to produce over half a million EV units annually. The BOI projects that investments in EVs and related technologies will total more than 200 billion THB (US$5.5 billion) over the next five years.
Effor...