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Bangkok Post

Business

BoI pins hopes for growth on new Chinese investors

BoI Narit Therdsteerasukdi Chery Automobile electric vehicle Thailand

Mr Narit test-drives an electric vehicle manufactured by Changan Automobile during the BoI's recent roadshow in China.

The Board of Investment (BoI) expects two Chinese electric vehicle (EV) makers to fuel growth of the Thai EV industry through their planned investments here.

Changan Automobile earlier announced a 9.8-billion-baht investment to develop EVs in three categories -- battery EVs, plug-in hybrid EVs, and range-extended EVs, also known as REEV -- as well as batteries for domestic sale and export.

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