with GAC Group and BYD, the Thai government promised to provide support for the production of New Energy Vehicles (NEVs) in Thailand, including investment promotion measures and infrastructure development. Thailand is strategically advantageous for exports, including the Eastern Economic Corridor (EEC) area where GAC and BYD plants are located. The Thai government also expressed hope for BYD's plans to invest in human resource development and re...

Market & Tech Reports  Updated at: 2025/03/26

prototype   At the event, Eicher Group presented its hydrogen engine advanced prototype. Though Eicher Group didn’t reveal any technical details, the engine is in the development phase and soon it can be introduced in commercial vehicles.   Eicher Group company Eicher Engineering Components (EEC) also presented its component. These components are used by Eicher Group as well as other OEMs. EEC presented counter shafts, gears, crankshafts, ...

Market & Tech Reports  Updated at: 2024/03/22

ant will have an annual capacity of 20,000 EVs in the future. It entered the prototype stage in February 2024. Changan Automobile In November 2023, Changan Automobile held the groundbreaking ceremony for an EV plant at the WHA Industrial Estate Eastern Seaboard 4 in the Eastern Economic Corridor (EEC) in Rayong province. The automaker will invest over THB 8.8 billion in the first phase and start operations at the plant in the first quarter of 2...

Market & Tech Reports  Updated at: 2024/03/05

allows the car to run up to 442 km on a full charge. With DC fast charging at 75 kW, charging takes 40 minutes (0%-80%). AION ES's interior AION ES (Taxi EVme version)   GAC AION also mentioned its new plant in Thailand with a planned annual capacity of 50,000 vehicles, situated in the EEC Eastern Special Development Zone, Rayong Province, which is now under construction. With around THB 2.3 billion investment, the plant's constructi...

Market & Tech Reports  Updated at: 2023/12/27

ovince, with an investment of THB 400 million. According to EV Primus’s Managing Director, the company is seeking production investment incentives from the BOI. BYD In September 2022, the Chinese EV manufacturer BYD signed an agreement to purchase land in Thailand’s Eastern Economic Corridor (EEC) to build its first EV production plant in Southeast Asia. The BOI approved BYD’s THB 18 billion plan to produce 150,000 EVs annually for the Th...

Market & Tech Reports  Updated at: 2022/12/12

an-based Tron E establish Somboon Tron Energy Co., Ltd. for electric mobility business (May 30, 2022)https://www.marklines.com/en/news/270156 Tesla (Thailand) Co., Ltd. registered on April 25 with capital of THB 3 million (May 25, 2022)https://www.marklines.com/en/news/269966 More EV investments in EEC, Thailand to happen in 2022, Japanese PM assures (May 6, 2022)https://www.marklines.com/en/news/269030 Honda Thailand temporarily closes Ayudthaya...

Market & Tech Reports  Updated at: 2022/08/12

1.06 billion to build an 8-GWh battery plant in Thailand. In April, Evlomo had signed an MOU to build a plant in Chonburi province, but cancelled these plans and decided to build the new battery plant at the CPGC Industrial Estate, Rayong province, which is located in the Eastern Economic Corridor (EEC) area. Construction is scheduled to start in the first quarter of 2022, with operations to begin in the second half of 2024. Evlomo also plans to ...

Market & Tech Reports  Updated at: 2021/11/11

H, which are available at www.springerfachmedien-wiesbaden.de] reproduced with permission of Springer Fachmedien Wiesbaden GmbH.     Future Emission Regulations- Low Levels across All Engine Operating Points The first standardized emission regulations for cars came into effect in the former EEC in 1970. Since then exhaust emission legislation has been the main driving force behind the ongoing development of powertrains and vehicles. Howev...

Market & Tech Reports  Updated at: 2020/10/20

roduction of the Euro-5 emission standards to support the auto industry hit by the COVID-19 pandemic. The government is also considering delaying a plan to use gasohol E20, which contains 20% bioethanol blended with 80% gasoline, as the standard gasoline. In addition, the Eastern Economic Corridor (EEC), in which the automotive industry is also a target for investment, is preparing a tax incentive program for investors.   As for the activities r...

Market & Tech Reports  Updated at: 2020/10/02

/y with annual sales targets of 700 units for trucks and over 100 units for buses.   Mitsubishi Fuso plans to open new plant in Q2 2019 New plant Mitsubishi Fuso Truck and Bus Corporation plans to invest EUR 12 million (THB 450 million) to build a new plant in the Eastern Economic Corridor (EEC), a key region for Thailand’s economic growth in the central part of the country. Construction of the plant has started in October 2018 and is s...

Market & Tech Reports  Updated at: 2019/07/08

eries, traction motors, battery control systems, DC/DC converters, inverters, portable EV chargers, circuit breakers, and EV smart charging systems. Additional incentives In December 2017, additional incentives were approved. Manufacturers that build their plants in the Eastern Economic Corridor (EEC) will be exempted from 50% of corporate income taxes for five years (application should be made by the end of 2017.)   OEMs to join investment...

Market & Tech Reports  Updated at: 2018/04/16

a result, expectations are high that exports from Thailand to Australia will increase further. Government-led construction of an automobile test center Thailand plans to construct a government-led automobile test center in Chachoengsao Province, which is designated as an eastern economic corridor (EEC). The testing center will be constructed in an area of Sanam Chai Khet province with a size of 1,235 rai (roughly 198 ha), with a project investme...

Market & Tech Reports  Updated at: 2018/01/05