Hyperdrive
More China EV Makers Eye Thailand as Production Base, Group Says
- Kingdom serves as production, distribution regional hub
- China among top three countries for FDI into Thailand in 1Q
A factory of Hozon New Energy Automobile Co., Ltd in Jiaxing, Zhejiang Province of China.
Source: VCG/Visual China Group/Getty Images
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More major Chinese electric vehicle makers are eyeing Thailand as a manufacturing and distribution base to neighboring economies, according to the Thai-Chinese Chamber of Commerce.
Prospects are backed by recent investment incentives in the kingdom for Chinese automakers, and investments are pouring in, the chamber’s Chairman Narongsak Putthapornmongkol said Sunday.