WHA Group, a Thai industrial estate developer, has indicated that the company and BYD, a Chinese electric vehicle (EV) manufacturer, will soon announce plans for an EV manufacturing facility in Thailand.

WHA representatives said the two companies will hold a joint news conference on Thursday (8 Sep) to discuss plans for the EV plant at an industrial estate in Rayong province.

“The WHA group has sealed a deal to sell a big plot of land in our industrial estate in Rayong province,” Jareeporn Jarukornsakul, WHA’s co-founder and chairman, told Nikkei Asia, declining to give further details

In August, Thailand’s Board of Investment (BOI) approved a group of investment pledges, including BYD’s US$491 million (17.9 billion baht) electric vehicle production project.

According to Chinese news outlet Jiemian, BYD plans to begin selling EVs in Thailand later this year, providing local consumers with a greater selection of vehicles to choose from.

Read also : BOI approves 209.5 billion baht (US 6.2 billion) of projects, raises incentives for EV battery makers – Thai News (thailand-business-news.com)

Information and Source

  • Reporter : Paul Rujopakarn
  • Rewriter : Paul Rujopakarn
  • National News Bureau : http://thainews.prd.go.th

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

How China’s Population Decline Will Impact Doing Business in the Country

The UN’s demographic modeling reveals that China’s population may drop to 1.313 billion by 2050 and fall below 800 million by 2100.

Thailand boosts its tourist connections with China

At recent high-profile meeting between Chinese Culture and Tourism Minister and Thai Tourism and Sports Minister and the signing of the Letter of Intent between TAT and China Tourism Group Travel Services.

Thailand and China to Expand Free Trade Agreement (FTA)

China was the largest trading partner of Thailand in 2022, with a bilateral trade value reaching 3.69 trillion baht, which accounted for about 18% of Thailand’s total foreign trade volume.