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Electricity provider is building the first EV made in Thailand

Priced at around 38,000 USD, its cheaper than a comparable Kia Soul or Nissan Leaf electric car.

Boris Sullivan

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Electricity billionaire Somphote Ahunai is building the Mine Mobility , the first passenger electric car made in Thailand.

Thailand’s second-biggest provider electricity Energy Absolute has formed an EV subsidiary, Mine Mobility, and unveiled its first passenger electric car at this year’s Bangkok Motor show. Now the company has already received more than 4,500 orders. 

Priced at around 38,000 USD, its cheaper than a comparable Kia Soul or Nissan Leaf electric car. According to the Mine Mobility, their five-seat hatchback has a range of around 200 kilometres (124 miles). 

Enough to convince a group of five taxi unions to order 3,500 cars for the megacity of Bangkok. According to Bloomberg, the cab companies chose Mine Mobility electric cars because they could promise the earliest delivery.

Increasing competition, the arrival of charging stations and lower production costs will drive down the price of an electric vehicle (EV) to a more affordable 1 million baht within 3-5 years, says Yossapong Laoonual, president of the Electric Vehicle Association of Thailand.

Last week the EVAT signed a memorandum of understanding with partner associations in Asean — the Electric Vehicle Association of Malaysia, the Electric Vehicle Association of the Philippines and the Electric Vehicle Association of Singapore — to increase regional cooperation in the development of EVs in Southeast Asia.

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China

More manufacturers to relocate from China to Southeast Asia

JLL anticipates the trend to accelerate as the China-US tariff war are driving more companies in China to relocate their operations to other countries to avoid US tariffs and maintain their competitiveness.

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Bangkok, 11 July 2019 – More manufacturers have relocated from China to Southeast Asia over the past few years largely because The Red Dragon’s labor costs have become less and less competitive. This trend has been reinforced by the China-US trade war that began in 2018.

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Business

New Business licenses up 15.85% in first 6 months

Despite the Chinese-US trade war, the investment outlook in the second half of the year is expected to increase by 20 percent or 200 billion baht. It is expected that the investment value will total 430 billion baht this year.

National News Bureau of Thailand

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BANGKOK, 3 July 2019(NNT) – Investor confidence and clear policies on industrial development, especially in the Eastern Economic Corridor (EEC) area have increased the value of investment by entrepreneurs requesting new business licenses, and expanding their factories’ capacity by 15.85 percent.

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Asean

ASEAN holds policy dialogue on formalisation of micro enterprises

Participants benefitted from the sharing sessions delivered by representatives from Singapore, Thailand, Vietnam, OECD, World Bank, International Labor Organisation and New Zealand

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ASEAN holds policy dialogue on formalisation of micro enterprises

BANGKOK, 26 June 2019 – About 120 participants representing ASEAN Coordinating Committee on Micro, Small and Medium Enterprises (ACCMSME), business registration agencies, and private sector representatives from ASEAN Member States attended a policy dialogue on formalisation of micro enterprises in Bangkok, Thailand yesterday.

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