Thai AAPICO Hitech reports decline in total revenue and net profit in Q1/FY2025 On May 14, 2025, Thailand-based AAPICO Hitech PCL (AH) presented its consolidated financial results for Q1 of fiscal year 2025, ended March 31, 2025. Total revenue declined by 9.9% YoY to THB 6,830.6 million, while sales and service income alone dropped 9.5% to THB 6,746.2 million, primarily due to a 5.8% decrease in the automotive parts business and a 17.7% drop in t...

News  Updated at: 2025/05/20

CHERY, OMODA & JAECOO announce updates on Thailand plant and local market plans On May 15, 2025, CHERY and OMODA & JAECOO announced progress on the construction of their new manufacturing facility in Thailand. Located in Nikhom Phatthana District, Rayong, the plant represents a THB 5 billion investment and covers an area of 104 rai.  Operations are scheduled to start in Q3/2025, with a targeted annual production capacity of 80,000 units by 2028....

News  Updated at: 2025/05/19

Changan inaugurates NEV hub in Thailand On May 16, 2025, Changan Automobile officially inaugurated its first comprehensive overseas new energy vehicle (NEV) production base in Rayong, Thailand. The facility will serve as a manufacturing hub for ASEAN and global right-hand drive markets, while supporting over 30,000 jobs across the value chain. The significant investment of THB 10 billion underscores Changan’s long-term commitment to Thailand a...

News  Updated at: 2025/05/19

r Phase 2. The project, a joint venture between Zhen Ding Tech. Group (ZDT), the world’s leading PCB maker, and the Saha Group, marks a major investment in Thailand’s electronics sector. Located in Saha Group Industrial Park Kabinburi, the plant spans over 300 rai, with an initial investment of THB 10 billion. It plans to expand to over THB 50 billion by 2030 to become a major smart PCB production base for ZDT. The Ministry of Industry recogn...

News  Updated at: 2025/05/15

tablish a research and development (R&D) center and relocate the company’s regional office from Chongqing to Thailand to oversee Asia-Pacific operations, in line with the Thai government’s R&D promotion policy. Backed by BOI incentives, the plant’s initial phase involves an investment of over THB 10 billion, with a production capacity of 100,000 units per year, expandable to 200,000. The company’s headquarters also approved the creation o...

News  Updated at: 2025/05/15

Thailand hikes fuel excise tax to offset revenue shortfall from EV incentives On May 7, 2025, the Thai Royal Gazette announced the enforcement of an increase in the excise tax rate on diesel and gasoline, with an additional rise of up to THB 1 per liter. The move comes in response to a shortfall in government revenue, largely attributed to tax incentives for electric vehicles. The Royal Gazette cited declining global crude oil prices as the rati...

News  Updated at: 2025/05/09

e, electrified vehicles (xEV), electronics, and more, reinforcing Thailand’s role as the region’s leading industrial parts sourcing hub. The event will bring together over 500 buyers from 11 countries, targeting more than 8,000 business matching sessions, with projected business value exceeding THB 20 billion and over 45,000 participants. A dedicated xEV Sourcing Zone will feature 10 Tier-1 automotive parts manufacturers—including Shanghai ...

News  Updated at: 2025/05/09

Thai BOI: applications for investment promotion of auto and parts at THB 23.5 million in Q1/2025 On April 30, 2025, the Thailand Board of Investment (BOI) announced that investment promotion applications in Q1/2025 totaled THB 431.2 billion (USD 12.9 billion), a 97% YoY increase, driven by large infrastructure and digital sector projects. The automotive and parts sector saw 72 projects with a combined value of THB 23.5 billion. A total of 822 app...

News  Updated at: 2025/05/02

s, stricter carbon emission regulations in some countries, and the influx of low-cost Chinese electric vehicles in several key export markets. As a result, exports fell in regions including Australia, the Middle East, Europe, Central America, and South America. Vehicle export in March was valued at THB 57.4 billion, down 15.5%. Vehicle exports in the first 3 months of 2025 reached 220,139 units, down 18.6% YoY....

News  Updated at: 2025/05/01

electric vehicles (EVs), clean energy, and sustainable products. Both sides also exchanged views on the Thailand-EU Free Trade Agreement (FTA) negotiations, which have been progressing satisfactorily.In 2024, bilateral trade between Thailand and Sweden was valued at USD 1.247 billion (approximately THB 41.6 billion), down 6.75% YoY. Automobiles, parts, and accessories are among Thailand’s key exports to Sweden. Sweden is also a significant inve...

News  Updated at: 2025/04/29

00 million in building an automotive component manufacturing site in Thailand. The project will be implemented in phases based on the order quantity and the business progress. Tuopu Group will establish a technology subsidiary and build a manufacturing site in Thailand. With a registered capital of THB 3.5 million, the subsidiary’s business scope will cover R&D, manufacturing, and sales of automotive components; manufacturing and sales of molds...

News  Updated at: 2025/04/22

Neta plans to ramp up EV investment in Thailand; Unfazed by new U.S. auto tariffs Reported on April 15, 2025, Neta Auto Thailand remains unfazed by new U.S. auto tariffs and plans to boost its investment in Thailand, which serves as its export hub for Southeast Asia. While the company didn’t reveal the revised investment figure, it confirmed it will exceed the previous estimate of THB 5 billion. Neta currently produces right-hand-drive BEVs at ...

News  Updated at: 2025/04/21

UNEX EV joins local partners to drive Thai EV ecosystem growth; Plan THB 12 billion investment On April 4, 2025, during its official brand launch event in Thailand, UNEX EV announced strategic partnerships with various local players to strengthen the EV ecosystem and expand services. UNEX EV has teamed up with MG Sales Thailand, collaborating on the development of EV technology to support intelligent driving platforms and battery swapping systems...

News  Updated at: 2025/04/10

the production line at its Rayong plant. Officially launched on March 24 at the 46th Bangkok International Motor Show, the new Haval H6 features a complete redesign and full upgrade. The H6 is offered in 3 variants at special introductory prices, limited to the first 800 deliveries, starting from THB 929,000 to THB 1,149,000. This includes hybrid engine models with newly adjusted suspension systems based on consumer feedback. The SUV comes with...

News  Updated at: 2025/04/05

vering a driving experience with low noise, vibration, and harshness, while maintaining high power and performance in all driving conditions. It also offers improved energy efficiency. The Tank 300 Diesel is available in 3 variants, including both 2-wheel drive and 4-wheel drive models, priced from THB 999,000 (special launch prices for the first 800 deliveries). Deliveries across Thailand will start from April onwards. The fuel consumption rate ...

News  Updated at: 2025/04/05

BIMS 2025: GAC opens pre-orders for AION UT EV and M8 PHEV in Thailand Announced on April 3, 2025, GAC's AION UT won "The Most Valuable EV" Award at the 46th Bangkok International Motor Show 2025. Officially unveiled at the event on March 24, the AION UT 5-door hatchback EV is now available for pre-order in Thailand, with special pricing starting at THB 49x,xxx (for orders placed between March 24 and April 6). The AION UT's design is inspired by ...

News  Updated at: 2025/04/04

rom the previously forecasted USD 4.73 billion. According to an annex in an executive order issued by President Trump, the reciprocal tariff rate on Thai exports stands at 37%, effective on April 9.Coupled with the recent earthquake, the UTCC said Thailand’s total economic losses are estimated at THB 375 billion, translating to a GDP contraction of approximately 2.02%. Consequently, the UTCC has revised its 2025 GDP growth forecast down to 1%. ...

News  Updated at: 2025/04/04

BIMS 2025: Changan launches Deepal Hunter K50 REEV pickup in Thailand On March 28, 2025, Changan Automobile officially launched the Deepal Hunter K50 in Thailand, priced from THB 1.099 million (after subsidy). Known as the world’s first REEV Pickup, the Hunter K50 combines revolutionary technology with exceptional user experience. The model was also put on display at the 46th Bangkok International Motor Show. With a total power output of 200 kW...

News  Updated at: 2025/04/02

The S05 features a modern and distinctive design. Its Interstellar Wing Design takes inspiration from futuristic spacecraft, creating a sleek and aerodynamic silhouette. The SUV’s overall dimensions are (LWH) 4,620x 1,900x 1,600 mm, with a wheelbase of 2,880 mm. The Deepal S05 BEV is priced from THB 799,000, while the S05 REEV starts at THB 949,000.  (From Changan Thailand homepage and press release dated March 27, 2025)...

News  Updated at: 2025/04/02

81,323 units, marked a drop of 8.3% YoY. According to the FTI, exports to Asia, Europe, North America, Central America, and South America declined. Some trading partners have also reduced their orders while waiting for clarity on the U.S. import tax policy. Vehicle export in February was valued at THB 57.3 billion, down 5.5%. Vehicle exports in the first 2 months of 2025 reached 143,644 units, down 18.1% YoY. While the strict conditions for gett...

News  Updated at: 2025/04/01