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PM in Japan to persuade car makers to invest in EV production in Thailand

PM in Japan to persuade car makers to invest in EV production in Thailand

13 Sept 18:55 Key points summarised by AI
  • Prime Minister Srettha Thavisin urged major Japanese automakers, including Toyota and Honda, to significantly invest in electric vehicle (EV) manufacturing within Thailand.
  • Thailand aims to establish itself as Southeast Asia's primary EV production hub, while also maintaining its status for internal combustion engine (ICE) vehicle manufacturing.
  • The government is actively facilitating this transition by approving substantial investments in EV production and parts, expanding charging infrastructure, and promoting EV conversion and battery recycling.
  • This strategic push leverages Thailand's rapidly expanding EV market, which experienced a 690% surge in registrations, making it the fastest-growing EV market in ASEAN.
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