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Bangkok Post
Bangkok Post
Business

CP Foton Sales to spend B1bn on factory

Thailand CP Group
Mr Kritsana sees bright business prospects for the sale of both ICE-powered vehicles and EVs in the domestic commercial vehicle market this year.

CP Foton Sales Co, a Thai-Chinese automaker in the commercial vehicle segment, plans to spend 1 billion baht building a factory to assemble electric vehicles (EVs) and oil-powered vehicles in Thailand by 2026.

"The plant would be the company's second car assembly facility in Asean after Malaysia," said Kritsana Settharangkul, managing director of CP Foton Sales.

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