UOB collaborates with CHANGAN to drive expansion of EVs

UOB partners with CHANGAN for electric vehicle expansion in Thailand and Southeast Asia, providing financial support and business cooperation.

UOB Signs Agreement with CHANGAN International Corporation

UOB has entered into an agreement with CHANGAN International Corporation, a subsidiary of China’s CHANGAN Automobile, to support the company’s international investment and development of electric vehicle businesses in Thailand and Southeast Asia. As part of the agreement, UOB will serve as the main operating bank for CHANGAN outside of China and will offer financial services to facilitate innovation and green development.

Commitment to Enhancing Business Cooperation

UOB is dedicated to enhancing business cooperation in finance and trade and will assist CHANGAN with global credit services, wealth management, and green financial solutions. CHANGAN aims to establish Thailand as a regional hub for electric vehicle expansion and has already showcased two electric vehicle models at the Thailand Motor Expo 2023. Additionally, CHANGAN has begun construction on advanced electric vehicle production facilities in Rayong province.

Important Step in CHANGAN’s International Expansion

This collaboration with UOB marks an important step in CHANGAN’s international expansion and its plans for future growth in the electric vehicle market. The partnership will help to further CHANGAN’s goal of establishing a strong presence in Thailand and expanding its electric vehicle business in Southeast Asia.

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