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Thailand

Thailand BoI backs THB 19 billion Toyota hybrid scheme

On July 27, the Board of Investment (BoI) approved investment applications for five projects worth a combined THB 128 billion, including Toyota’s 19-billion-baht investment plan to produce hybrid electric vehicles (HEVs) in Thailand.
Toyota will assemble 7,000 HEVs a year, manufacture 70,000 batteries for electric c....

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