Tesla Cancels Thailand Factory Plans Amid Global Strategy Shift
Tesla has abandoned its plans to establish a manufacturing plant in Thailand, signaling a significant shift in its global expansion strategy. This decision, part of a broader reevaluation of...
FTI Cuts 2024 Car Production Target Amid Weak Sales
The Federation of Thai Industries (FTI) has revised its car manufacturing target for 2024 from 1.9 million to 1.7 million units, citing prolonged weak sales. The adjustment reflects a...
Thai Ministry Requires 40% Local Parts for Chinese electric vehicles
In an effort to bolster Thailand's automotive supply chain, the Industry Ministry is urging Chinese electric vehicle (EV) manufacturers to source at least 40% of their components locally. This...
Thailand Addresses BYD EV Pricing Concerns
Prime Minister Srettha Thavisin recently engaged in discussions with BYD Chief Executive Wang Chuanfu concerning public concerns over pricing policies for the company's electric vehicles (EVs) in Thailand. The...
Thai Automotive Production Hits 14-Year Low Amid Economic Challenges
Thailand's automotive production is projected to reach a 14-year low this year, excluding the pandemic years of 2020-22, with output dipping to 1.65 million units, according to Krungsri Securities...
