The Thai automotive industry faces a number of challenges as it seeks to deal with the changes introduced by the emergence of battery electric vehicles (BEVs), according LiB Consulting.
Thailand is one of the leaders in parts manufacturing for internal combustion engine (ICE) vehicles in Southeast Asia. However, the emergence of BEVs is shaking the foundations of the industry as it seeks to maintain its position by following changing consumer trends in the automotive market, says the Japanese business consultancy, which also has a branch in Thailand.
