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Search Result for “$8 billion”

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China's Chery lands BOI perks for Rayong EV plant

Lamonphet Apisitniran, Published on 23/04/2024

» Thailand continues to attract investment in its electric vehicle (EV) industry, with Chery Automobile being the latest Chinese EV manufacturer to have been granted investment incentives by the Board of Investment (BOI) to build a factory in Rayong province.

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Isuzu allocates B32bn for Thailand investments

Business, Lamonphet Apisitniran, Published on 21/03/2024

» Yokohama, Japan-based automaker Isuzu Motors plans to spend ¥1 trillion (240 billion baht) to fuel its investments through 2030, with part of the budget allocated for battery cell and electric pickup manufacturing in Thailand, which will serve as the company's electric vehicle (EV) export base.

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Taking a closer look at the EV expansion

Lamonphet Apisitniran, Published on 08/03/2024

» Domestic sales of battery electric vehicles (BEVs) skyrocketed last year by 603% year-on-year to 73,568 units, with the trend expected to continue this year, according to the Federation of Thai Industries (FTI).

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Drop in motorcycle output likely to persist

Lamonphet Apisitniran, Published on 02/02/2024

» Thailand's motorcycle production is expected to total 2.12 million units this year, driven by sales in the domestic market, says the Federation of Thai Industries (FTI).

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With new plant, Great Wall Motor targets electric vehicle growth

Business, Lamonphet Apisitniran, Published on 13/01/2024

» Chinese automaker Great Wall Motor (GWM) aims to grow its electric vehicle business in Asean after developing an EV production base in Thailand, which is scheduled to start selling locally-made EVs this month.

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Car output poised to reach 2m vehicles

Lamonphet Apisitniran, Published on 10/01/2024

» Thailand's car manufacturing is likely to reach 2 million vehicles, including electric vehicles (EVs), in 2024 despite economic challenges both domestic and external, says the Federation of Thai Industries (FTI).

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Battery-powered trucks may fuel EV uptick

Lamonphet Apisitniran, Published on 25/12/2023

» Battery-powered trucks could fuel the growth of the electric vehicle (EV) industry as the authorities consider granting a new EV incentive package to truck manufacturers, says the Federation of Thai Industries (FTI).

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EV production target ramped up for 2024

Business, Lamonphet Apisitniran, Published on 15/12/2023

» Thai authorities want next year's electric vehicle (EV) production capacity to reach 359,000 units based on investment of 39.5 billion baht, say industrial officials.

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Changan set to produce electric SUVs locally

Business, Lamonphet Apisitniran, Published on 13/12/2023

» Chinese electric vehicle maker Changan Automobile plans to start producing sport utility vehicles (SUVs) from its Rayong factory in the first quarter of 2025, a move expected to intensify competition in the fast-growing Thai EV market.

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Export demand projected to be resilient

Business, Lamonphet Apisitniran, Published on 02/11/2023

» Automobiles and auto parts, electronics and agricultural products will drive Thai exports in the final quarter of this year, though shipments overall will remain sluggish for 2023, says the Federation of Thai Industires (FTI).