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Search Result for “30 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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Chinese EV battery firms 'eye Thailand'

Post Reporters, Published on 18/04/2024

» The Board of Investment (BoI) said it believes that at least two leading Chinese manufacturers of electric vehicle (EV) battery cells will choose Thailand to make their wares, with a combined initial investment of 30 billion baht.

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Big EV battery cell plant likely in two years

Post Reporters, Published on 17/04/2024

» The Board of Investment (BoI) expects foreign investors to set up a big plant in Thailand to produce battery cells for electric vehicles (EVs) within two years, following its roadshow in China last week.

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Rever Leasing aims to lead EV loan market

Somruedi Banchongduang, Published on 17/04/2024

» Rever Leasing, an auto loan unit under Rever Automotive Co, the sole distributor of BYD electric vehicles (EVs), is poised to commence operations next month, setting a lofty goal to emerge as the premier provider of EV loans in Thailand in a few years.

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Industrial Estate Authority touts new Smart Park

Business, Lamonphet Apisitniran, Published on 16/04/2024

» Chinese firms expressed interest in investing in electric vehicle (EV) supply chain and energy businesses in Smart Park Industrial Estate in Rayong, which is scheduled to open by the end of this year, says the Industrial Estate Authority of Thailand (IEAT).

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Bangkok motor show sales up, Toyota leads

Reuters, Published on 08/04/2024

» The Bangkok International Motor Show recorded a 27.5% rise in orders, with Toyota leading sales, while traditional cars still dominated despite electric vehicles gaining pace, the show's organiser said on Monday.

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Bumpy road for EV evolution

Published on 25/03/2024

» The rapid growth in electric vehicle investment in Thailand from many Chinese EV makers is, in the eyes of some industry observers, reminiscent of "zero dollar" tours.

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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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Incentives for companies transitioning to EVs approved

Reuters, Published on 21/02/2024

» Thailand has approved incentives for companies to transition their commercial fleets of large trucks and buses to battery electric vehicles (EVs), the government said on Wednesday.

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Auto sector faces bumpy sales

Lamonphet Apisitniran, Published on 05/02/2024

» The automotive industry is expected to have unequal sales growth this year, driven by motorists' changing lifestyles and choices by lenders.