Connect with us
The clever new way to send money abroad

Business

Great Wall Motors (China) to Start Production in Thailand Next Year

Chinese automobile manufacturer Great Wall Motors (GWM) is set to start operations in Thailand next year

Published

on

According to Thailand’s Industry Minister Suriya Jungrungreangkit, the company will have an annual production capacity of 80,000 vehicles and will begin producing sports utility vehicles and pickup trucks in 2021.

The company plans to invest 22.6 billion baht and employ 3,435 people.

After his meeting with Zhang Jiaming, president of GWM’s ASEAN operations, Mr Suriya said GWM would improve the production lines that it had taken over within the fourth quarter of this year for the production of vehicles with internal combustion engines and electric vehicles.

China’s leading sport utility vehicle (SUV) and pickup maker Great Wall Motors purchased General Motors’ Rayong car production facility in Thailand when the American car producer ceased operations in February this year.

Based in the city of Baoding, in the Hebei province, in the north of China, the company Great Wall Motors owns several brands of SUVs and cars like Haval, Great Wall, WEY and ORA. With more than 500 branches abroad, its vehicles are exported to more than 60 countries.

Click to comment

Leave a Reply

Business

Thailand aims to push its games and content industry

After almost a year under the pandemic, the number of game players in Thailand rose to 32 million and helped the market generate over a billion dollars in 2020, according to NewZoo, an international analytics and market research group.

Published

on

Currently, key digital organizations involved in the economy are joining forces to push the Thai gaming industry, so as to attain the level of a regional hub.

(more…)
Continue Reading

Investment

Thailand’s H1 Investment Applications rise 158% in combined value, BOI says

Japanese firms ranked first with 87 projects worth 42.8 billion baht, followed by investments from the U.S. with 18 projects worth 24.1 billion baht, and China with 63 projects worth 18.6 billion baht.

Published

on

In the first six months of 2021, Thailand’s investment applications increased 14% from the year earlier period in terms of the number of projects, and 158% in combined value, led by increasing foreign direct investment (FDI) applications, sustained growth in target industries including the electronics and medical sectors, as well as in power generation, the Thailand Board of Investment (BOI) said.

(more…)
Continue Reading

Most Read

Recent