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Reported on April 18, 2024, Thailand’s Board of Investment (BOI) expected to see at least 2 leading Chinese EV battery cell manufacturers revealing their clear plans to invest in Thailand by 2024, with a combined investment (in the first phase) of THB 30 billion. Each firm is expected to start with a production capac
Reported on April 10, 2024, Thailand-based electric commercial vehicle manufacturer Nex Point Plc asked the Thai government to release more policies to sustainably support the development of the hydrogen ecosystem in Thailand.
Nex Point, which inked an MoU with Toyota Tsusho and Denso for the collaborative developme
Announced on April 5, 2024, Thailand’s Board of Investment (BoI) will hold a roadshow in Fujian and Guangdong, China from April 7-10, aiming to attract more battery manufacturing investors to invest in Thailand.
The Thai officials plan to meet 10 of the largest battery cell manufacturers in China, including Contempor
Reported on April 4, 2024, chief executive of Vinfast Auto Thailand revealed that it would export EVs to Thailand first, before considering plan to set up an EV assembly plant locally. Currently, VinFast is at the stage of conducting a study, and a final decision will be made by the parent company in Vietnam.
The Vie
Reported on March 28, 2024, the Thai Commerce Minister revealed that Thailand and South Korea are opening negotiations for an economic partnership agreement (EPA). A signing ceremony on EPA negotiations has been held. The first round is expected to start by the middle of 2024.
The EPA is expected to pave the way for
Reported on March 18, 2024, Thailand’s National Economic and Social Development Council (NESDC) revealed that BOI and the Ministry of Industry are currently striving to establish a comprehensive EV supply chain system, aiming to build an ecosystem that supports the use and production of EVs in Thailand. Another appro
Announced on March 19, 2024, Isuzu Motor expressed the company's readiness to support the Thai government’s intention to achieve the carbon neutrality goal by 2050, and net-zero carbon emissions by 2065, as well as the goal of turning Thailand into an EV manufacturing hub, through Isuzu’s “Multi-pathways to Carbon Ne
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Announced on March 13, 2024, The Thai Prime Minister, during his official visit to Germany, discussed with 5 leading private companies, namely Schaeffler AG, Dräxlmaier Group, Mahle GmbH, Mercedes Benz, and BMW AG.
The Thai PM ensured Thailand's readiness to serve demand of the world's large companies for clean energ
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Announced on March 13, 2024, during the joint press conference in Berlin, chaired by the Thai Prime Minister and Chancellor of Germany, the 2 leaders have agreed to strengthen cooperation in clean energy, solar/wind/water power generation, and green hydrogen, as well as cooperation in EVs, especially EVs manufacturin
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Announced on March 1, 2024, Isuzu Motors signed a Memorandum of Understanding (MOU) with the Thai Excise Department to receive incentives under the government’s EV support measures.
Isuzu said this will support the company’s goal of making its production hub in Thailand (I/II) for pickup trucks for global exports, wh
On February 21, 2024, Thailand’s National Electric Vehicle Policy Committee (EV Board) approved a plan to promote the manufacturing of battery cells for EV and energy storage systems (ESS) in Thailand by providing financial support via Thailand’s Competitiveness Enhancement Fund, and possibly other benefits available
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Announced on February 21, 2024, Thailand’s EV board meeting has approved incentives that aim to encourage companies to change their commercial fleets of large trucks and buses to BEVs.
The support (for eligible companies) will be granted as a special tax deduction, effective until December 2025. Companies purchasing
Reported on February 17, 2024, the Thai Ministry of Higher Education, Science, Research, and Innovation (MHESI) has announced 3 policies, namely developing skilled workers, increasing EV usage, and supporting research and development. These are expected to make Thailand the greatest EV production hub in Southeast Asi
Announced on January 26, 2024, President of the Federal Republic of Germany officially visit Thailand for the first time in 22 years.
During this official visit (January 24-26), the German President and the Thai Prime Minister have discussed ways to strengthen cooperation in trade and investment, EV, circular econom
Reported on January 23, 2024, Changan Auto Sales Thailand believed that the Thai government’s goal to see 30% of all vehicles produced in Thailand to be EVs by 2030 might be achieved by 2027, considering the momentum in EV development and growing awareness among the buyers.
Changan, which has already launched its EVs
On January 19, 2024, GWM officially signed a Memorandum of Understanding (MOU) with the Thai Excise Department, becoming one of the first car brands in Thailand to receive government approval for the EV 3.5 policy.
The EV 3.5 policy has been officially implemented on January 1, 2024, for a period of 4 years. This po
Announced on January 18, 2024, Thailand’s Prime Minister and Minister of Finance, Mr. Srettha, met with Robert Bosch’s Deputy Chairman of the Board of Management at Davos Congress Center in Switzerland.
The Thai PM and Robert Bosch discussed the company's investments in Thailand, both in automotive and non-automotive
Reported on January 15, 2024, Thailand’s government expected to see a growth in the upstream electronics industry-related investment, especially in the field of chips (both finished chips and chip components). The Industry Minister and the Board of Investment (BOI) have been put in charge of encouraging new investors
Reported on January 13, 2024, following the recent announcement made by the Thai Department of Primary Industries and Mines (DPIM) regarding a license granted for lithium exploration in 3 sites in Phang Nga province, a local petrology and geochemistry expert has already confirmed that 2 major lithium deposits in this
Reported on January 10, 2024, the Thai Commerce Ministry expected to sign 3 free trade agreements (FTA) in 2024, including 2 new agreements with Sri Lanka (in February) and the European Free Trade Association (EFTA) (by June), respectively, and an upgrade to the existing ASEAN-Australia-New Zealand FTA.
Thailand and