RecentlyThe Investment Promotion Commission of ThailandOn April 22nd, it was announced that well-known Chinese automaker Chery Automobile has obtained approval to build an electric vehicle factory in Thailand. The factory is expected to officially start production in 2025, marking further expansion of Chinese automakers in the Thai market.

It is understood that Chery's factory in Thailand will become an important component of its global strategic layout. The construction of this factory will not only promote the development of the local automotive industry in Thailand, but also provide consumers in Thailand and surrounding countries with more diverse choices of automotive products.

Secretary General of Thailand Investment Promotion CouncilNarit Therdsteerasukdi stated that the factory is expected to produce 50000 electric and hybrid vehicles in the first phase of 2025, with production expected to increase to 80000 by 2028. This number demonstrates Chery's emphasis and confidence in the Thai market.

Chery Automobile is not the first Chinese car manufacturer to establish a factory in Thailand. Prior to this, Chinese automotive giants such as BYD, Great Wall Motors, and Changan Automobile had already settled in Thailand. Chery's joining has made Thailand one of the important production bases for Chinese car manufacturers in Southeast Asia. The Thailand Investment Promotion Commission revealed that Chery Automobile will become the firstThe number of 8 Chinese automobile manufacturers building factories in Thailand undoubtedly demonstrates the strong momentum of China's automobile manufacturing industry in the process of globalization.

Thailand, as a hub for automotive assembly and export in Southeast Asia, has long been an important base for Japanese car manufacturers such as Toyota and Honda. However, in recent years, the Thai government has introduced a series of subsidies and tax incentives to promote the development of the electric vehicle industry, and the implementation of these policies has attracted the attention of many Chinese enterprises. Chinese car manufacturers have pledged to invest in Thailand, with a total amount exceeding1.44 billion US dollars, this figure not only reflects the strength of China's automobile manufacturing industry, but also reflects Thailand's huge potential in the electric vehicle field.

The Thai government is continuously increasing its support for the electric vehicle industry, with the goal ofBy 2030, approximately one-third of the annual production will be converted into electric vehicles. This goal not only aligns with the green development trend of the global automotive industry, but also reflects the Thai government's firm commitment to sustainable development. The joining of Chinese automobile manufacturers will provide strong support for Thailand to achieve this goal.