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+--- Thread: Automotive News Changan Auto plans $285M EV facility in Thailand (/showthread.php?tid=4056)
Changan Auto plans $285M EV facility in Thailand - OEM - 04-20-2023
Changan Auto plans $285M EV facility in Thailand
<p>BANGKOK <span jsslot=""><span>—</span></span> Chinese automaker Changan Auto will invest $285 million in a facility in Thailand to produce 100,000 <strong><a href="http://autonews.com/topic/electric-vehicle" target="_blank">electric vehicles</a></strong> annually, Thailand's Board of Investment said on Thursday.</p>
<p>The company aims to sell the EVs in Thailand, Southeast Asia, Australia, and South Africa, said the board's secretary-general, Narit Therdsteerasukdi.<br />
</p><p>Thailand is Asia's fourth-largest autos assembly and export hub for carmakers like Toyota and Honda. The industry accounts for about 10 percent of Thailand's GDP and manufacturing jobs.</p>
<p>"Changan's decision to invest in Thailand is a significant milestone in promoting the country as the world's major EV production base," said Narit.</p>
<p>Other Chinese EV makers like BYD have also invested in Thai plants as demand heats up among domestic consumers choosing from brands like Great Wall Motors and Tesla.</p>
https://www.autonews.com/china/changan-auto-plans-285m-ev-facility-thailand