Hyperdrive
China’s Hozon to Make EVs in Thailand for Southeast Asian Market
- Shanghai-based firm joins Thailand’s expanding EV supply chain
- EV competition in region’s auto hub has been heating up
The assembly line of a Neta electric car at a factory of Hozon New Energy Automobile Co., in Jiaxing,
Source: VCG/Visual China Group/Getty Images
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China’s Hozon New Energy Automobile Co. will start production in Thailand to sell in Southeast Asia, becoming the latest electric vehicle maker to begin building a supply chain in the region’s top auto-manufacturing hub.
Hozon signed an agreement with a Thai auto assembly firm earlier this week to produce its NETA V model locally starting next year, Thai government spokeswoman Tipanan Sirichana said in a statement Saturday.