Thailand bets on EVs to draw in the big bucks


Going electric: An EV is displayed at the Bangkok International Motor show. Chinese EV makers are a top target for Thai companies. — Reuters

THAILAND, renowned as the ‘Detroit of Asia’ for its production of internal combustion engine cars, wants to break into the top tier of electric vehicle (EV) makers as part of a goal to attract one trillion baht (US$28bil) of investments in four years.

To that end, the South-East Asian nation has set up a “special operation” centre to catch what its investment board head calls the “big fish” of the EV industry and other strategic sectors.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Trading ideas: MAHB, YTL Power, MPHB, IHH, Kerjaya Prospek, E&O, Aurelius, Ageson, UUE
Smart Asia makes strong debut on ACE Market
Retail, commercial and hotel segments lift IGB in 1Q24
Additional RMAF base job for Fajarbaru
KIB to monitor market uncertainties
SD Plantation rebrands as SD Guthrie
KWAP’s Dana Pemacu to boost private markets
Southern Cable 1Q net profit surges to RM14mil
Automation solutions to drive Genetec
IHH on expansion mode

Others Also Read