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Thailand aims to become EV production hub

Thai Prime Minister Srettha Thavisin on March 22 reiterated his government's policy to promote the domestic manufacturing of electric vehicles (EVs) and parts in order to drive economy.
Thailand aims to become EV production hub ảnh 1Thai Prime Minister Srettha Thavisin (4th from right) at the opening ceremony of the new factory and EV research and development centre of Delta Electronics (Thailand) Plc. (Photo: nationthailand.com)

Bangkok (VNA) – Thai Prime Minister Srettha Thavisin on March 22 reiterated hisgovernment's policy to promote the domestic manufacturing of electric vehicles(EVs) and parts in order to drive economy.

Speaking at the opening ceremony of the new factory and EVresearch and development centre of Delta Electronics (Thailand) Plc. Heaffirmed that the government is ready to make it easier for investors investing in the field in the country.

Accordingto the Prime Minister, Delta Electronics is aleading electronics firm by market capitalisation. The newly launched factory isa result of production-capacity expansion, especially in the sectors ofelectric vehicles and electronic components to support the increasing demandfor EVs.

Headded that the expansion was in line with his government’s policy ofstrengthening Thailand’s ecosystem for EVs and its “Ignite Thailand” visionaimed at turning the country into a regional hub for future mobility and thedigital economy.

The new factory and R&D centre, covering an area of 30,400square metres, is part of a plan to increase production capacity for thefast-growing EV business, with a focus on power supplies and electronicequipment for electric vehicles./.

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