Chinese automobile giant to invest 9 bln THB in Thailand
A major Chinese auto makers has planned to invest 9 billion THB (300 million USD) in building a large factory in Thailand.
A major Chinese auto makers has planned to invest 9 billion THB (300 million USD) in building a large factory in Thailand.
Great Wall Motors, China's largest producer of sport utility vehicles (SUVs), and one of the biggest producers of pick-up trucks, said that its new factory will produce 100,000 vehicles per year.
According to the company, the investment will be divided into two phases; each phase will add 50,000 vehicles to the company's production capacity.
It said that Thailand, while having low wages, also has better infrastructure and industry potentials than other countries.
Thailand is currently the largest producer of automobiles in Southeast Asia, and is in the top ten of the world's largest producers. Most car manufacturers in the country are from Japan and the Republic of Korea, but the country has seen increasing interest by Chinese car makers, including Chery Automobile and Dong Feng Motor, a state-owned company.-VNA
Great Wall Motors, China's largest producer of sport utility vehicles (SUVs), and one of the biggest producers of pick-up trucks, said that its new factory will produce 100,000 vehicles per year.
According to the company, the investment will be divided into two phases; each phase will add 50,000 vehicles to the company's production capacity.
It said that Thailand, while having low wages, also has better infrastructure and industry potentials than other countries.
Thailand is currently the largest producer of automobiles in Southeast Asia, and is in the top ten of the world's largest producers. Most car manufacturers in the country are from Japan and the Republic of Korea, but the country has seen increasing interest by Chinese car makers, including Chery Automobile and Dong Feng Motor, a state-owned company.-VNA
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