The Thai-Chinese Chamber of Commerce said on June 25 that Chinese electric vehicle (EV) makers are targeting an entry into Thailand’s market with plans to establish manufacturing and distribution bases.
Narongsak Putthapornmongkol, the chamber’s chairman, announced this during the World Chinese Entrepreneurs conference in Bangkok, which brought together 4,000 Chinese entrepreneurs from various countries.
“EV is the most trailblazing industry right now as seen through investments from MG, Great Wall Motor, and BYD,” Narongsak was quoted as saying by Bloomberg, without providing specific details about the investments.
Thai Commerce Minister Jurin Laksanawisit touted the “long-standing relationship” between Thailand and China and emphasized the need for stronger cooperation amid the challenging global environment….