* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, July 29, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, Boyd – CDC Gaming

    Top Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, and Boyd Take Center Stage

    Micro wrestling coming to NE Ohio – Cleveland.com

    Get Ready, NE Ohio: Micro Wrestling Is Making Its Exciting Debut!

    League City seeking proposals for 53-acre entertainment district on sportsplex land – galvnews.com

    League City Invites Proposals to Transform 53-Acre Sportsplex into Vibrant Entertainment District

    Top 5 entertainment news: Sandeep Reddy Vanga regrets trimming Animal’s runtime by 7-8 minutes, Akshay Ku – Times of India

    Top 5 Entertainment Highlights: Sandeep Reddy Vanga Reveals Why He Trimmed Animal’s Runtime by 7-8 Minutes, Plus Akshay Ku Updates

    Cote de Pablo reveals how Michael Weatherly used his soap opera roots to put her at ease in “NCIS” love scene – yahoo.com

    Cote de Pablo Reveals How Michael Weatherly’s Soap Opera Background Made Their “NCIS” Love Scene Easier

    City of Pelham announces entertainment district plans for former Oak Mountain Amphitheatre site – WVTM

    Pelham Unveils Exciting New Entertainment District Plans for Former Oak Mountain Amphitheatre Site

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    More than just a hockey player – Rochester Institute of Technology Athletics

    Beyond the Ice: The Inspiring Journey of a Remarkable Athlete from Rochester Institute of Technology

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    AI’s race in the dark with China – Axios

    The High-Stakes AI Race: Innovation and Competition in the Shadows

    Eagle Unveils Revolutionary X-Ray Technology at Pack Expo

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    WhoFi: New surveillance technology can track people by how they disrupt Wi-Fi signals – Tech Xplore

    WhoFi: New surveillance technology can track people by how they disrupt Wi-Fi signals – Tech Xplore

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, Boyd – CDC Gaming

    Top Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, and Boyd Take Center Stage

    Micro wrestling coming to NE Ohio – Cleveland.com

    Get Ready, NE Ohio: Micro Wrestling Is Making Its Exciting Debut!

    League City seeking proposals for 53-acre entertainment district on sportsplex land – galvnews.com

    League City Invites Proposals to Transform 53-Acre Sportsplex into Vibrant Entertainment District

    Top 5 entertainment news: Sandeep Reddy Vanga regrets trimming Animal’s runtime by 7-8 minutes, Akshay Ku – Times of India

    Top 5 Entertainment Highlights: Sandeep Reddy Vanga Reveals Why He Trimmed Animal’s Runtime by 7-8 Minutes, Plus Akshay Ku Updates

    Cote de Pablo reveals how Michael Weatherly used his soap opera roots to put her at ease in “NCIS” love scene – yahoo.com

    Cote de Pablo Reveals How Michael Weatherly’s Soap Opera Background Made Their “NCIS” Love Scene Easier

    City of Pelham announces entertainment district plans for former Oak Mountain Amphitheatre site – WVTM

    Pelham Unveils Exciting New Entertainment District Plans for Former Oak Mountain Amphitheatre Site

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    More than just a hockey player – Rochester Institute of Technology Athletics

    Beyond the Ice: The Inspiring Journey of a Remarkable Athlete from Rochester Institute of Technology

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    AI’s race in the dark with China – Axios

    The High-Stakes AI Race: Innovation and Competition in the Shadows

    Eagle Unveils Revolutionary X-Ray Technology at Pack Expo

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    WhoFi: New surveillance technology can track people by how they disrupt Wi-Fi signals – Tech Xplore

    WhoFi: New surveillance technology can track people by how they disrupt Wi-Fi signals – Tech Xplore

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home General

Could Thailand Become the Next Electric Vehicle Powerhouse?

May 26, 2024
in General
Could Thailand Become the Next Electric Vehicle Powerhouse?
Share on FacebookShare on Twitter

Thailand, with its established auto industry and low-cost production, is becoming a leader in EV manufacturing in Southeast Asia.
Government incentives, green funding from the ADB, and favorable policies are attracting major EV companies like Toyota, BYD, and potentially Tesla.
As the US reduces tax credits for Chinese EVs, Thailand is positioning itself as a viable alternative manufacturing hub for global automakers.

Several countries are rapidly developing their burgeoning electric vehicle (EV) industries to meet the growing demand for EVs and compete with China when it comes to manufacturing. Asia has come out on top in recent years for producing the cheapest EVs and batteries, even though some of the highest EV demand in the coming years is expected to come from Europe and North America. With the U.S. looking to decrease its dependency on China for renewable energy products, including EVs, automakers are looking to other Asian countries to develop their cars and batteries, with Thailand appearing increasingly attractive to investors. 

Thailand is rapidly becoming the EV capital of Southeast Asia, building on its already strong automobile manufacturing industry. It has been referred to as the “Detroit of Asia”, gaining the title of the world’s 12th largest automaker in 2018. Several foreign companies have launched operations in the Southeast Asian country, such as Japan’s Toyota and Mitsubishi, as well as GM, Ford, Mercedes, and BMW. It provides a prime location for low-cost manufacturing, with a history of expertise in the sector. It is also ideal for companies looking to develop their export market beyond Europe and North America to Asia and Oceania.

Owing to its strong automaking reputation, Thailand has rapidly developed its EV manufacturing industry, supported by green funding from the Asian Development Bank (ADB). Last year, the Thai government launched a five-year investment promotion strategy to support the development of a green economy, focused on five strategic sectors including the EV supply chain. To spur investment, the government introduced a policy for “up to 13 years corporate income tax exemption without a cap”, as we as other financial incentives. Toyota, BYD, Great Wall Motor, SAIC Motor, and Mercedes-Benz are just some of the companies looking to develop their EV segments in Thailand. 

In recent months, Tesla has shown greater interest in the Thai market. Elon Musk is looking for possible locations for his next Gigafactory and Thailand could well provide the answer. The Tesla CEO was expected to visit Thailand recently, before canceling the trip due to issues within the company. A move to Thailand could open a new regional consumer market for Tesla, as well as provide the potential for low-cost manufacturing. 

Craig Irwin, a senior research analyst at Roth Capital, explained, “Thailand is a possible path to China-like auto parts costs, allowing low-cost production.” Irwin added, “Thailand is an option since it’ll give continuity of access to the supply chain that supports the Shanghai facility, but not regulated by Beijing.” This is key as the Biden administration recently introduced new restrictions on tax credits for foreign-produced EVs and EV components, which will make it more expensive for consumers to purchase Chinese EVs and EVs using Chinese batteries. 

In addition to American companies looking to alternative Asian markets, China itself is looking to expand its EV operations to other parts of Asia. In April, China’s state-owned automaker Chery Automobile announced plans to develop a 50,000-unit per year battery and hybrid EV plant in Thailand following over two years of discussions. Operations are expected to commence in 2025, with output to be expanded to 80,000 units per year by 2028. 

The secretary-general of Thailand’s Board of Investment (BOI), Narit Therdsteerasukdi, also met with executives from seven Chinese battery manufacturing firms, including Gotion High-tech, China Aviation Lithium Battery, and CATL, to discuss the potential for cell-level battery production in Thailand. The Southeast Asian country is attracting such great attention thanks to its historical ties with the automaking industry, as well as its favorable policies for EV production. Therdsteerasukdi stated, “I believe that in two years Thailand will have a large-scale battery cell factory. This will be another milestone to strengthen the supply chain and the long-term foundation of the electric vehicle industry in Thailand.”

In terms of the domestic market, EV uptake in Thailand remains low but is expected to grow thanks to greater investments in manufacturing, charging infrastructure, and green public transport. The ADB is investing in renewable energy company Energy Absolute, which produces lithium-ion batteries for transport and power, and EV charging infrastructure for a range of EVs, including e-ferries, e-buses, and e-cars. ADB provided Energy Absolute with a $47.6-million green loan in 2021 to develop a wind energy project and expand Thailand’s EV Charging Network by installing 3,600 charging stations across major cities. It also offered funding for the development of the E Smart Bangkok Mass Rapid Transit Electric Ferries Project – the first electric ferry fleet for mass rapid transport in the region, as well as the purchase of up to 1,200 electric buses. 

Building on its long-standing reputation as a major automaker, Thailand is rapidly becoming a big EV producer, with a manufacturing industry that is expected to expand further as the demand for EVs increases. Companies from across Asia, Europe, and North America are investing in EV manufacturing operations in Thailand thanks to its low-cost production, access to critical materials, and favorable EV policies. Further, as the U.S. will reduce tax credits for the purchase of Chinese EVs in the coming years, Thailand could become an attractive alternative for automakers.

By Felicity Bradstock for Oilprice.com

More Top Reads From Oilprice.com:

Why Kinder Morgan is Targeting This Texas Oil FieldEIA Confirms Small Crude Inventory Build, Gasoline DrawGasoline Prices Ahead of Memorial Day Are 1% Higher Than a Year Ago

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : OilPrice – https://oilprice.com/Energy/Energy-General/Could-Thailand-Become-the-Next-Electric-Vehicle-Powerhouse.html

Previous Post

Silver Price Analysis: XAG/USD trims losses, remains bullish and clings above $30.00

Next Post

The War for Profitability Within the Wind Industry

More than just a hockey player – Rochester Institute of Technology Athletics

Beyond the Ice: The Inspiring Journey of a Remarkable Athlete from Rochester Institute of Technology

July 29, 2025
Sports Illustrated’s College Football Preseason Top 25: No. 20 Missouri – Sports Illustrated

Missouri Climbs to No. 20 in Thrilling College Football Preseason Top 25

July 29, 2025
Time to stop Dhaka from rolling to ecological disaster – New Age BD

Urgent Action Needed to Prevent Dhaka’s Ecological Disaster

July 29, 2025
Guest column | I’m a cardiologist. Here are 10 science-based ways to prevent heart disease. – The Washington Post

I’m a Cardiologist: 10 Science-Backed Tips to Prevent Heart Disease

July 29, 2025
Author talk with science, environmental journalist, ‘Strata: Stories from Deep Time’ – PenBay Pilot

Author Talk with Science and Environmental Journalist Behind ‘Strata: Stories from Deep Time

July 29, 2025
Alzheimer’s progression could be slowed by these changes to lifestyle – The Independent

Simple Lifestyle Changes That Could Slow Alzheimer’s Progression

July 29, 2025
Divya Deshmukh becomes third Women’s World Cup Champion, defeats Humpy Koneru in tiebreak – FIDE

Divya Deshmukh becomes third Women’s World Cup Champion, defeats Humpy Koneru in tiebreak – FIDE

July 29, 2025
It’s a gig economy for CEOs these days, too – Axios

It’s a gig economy for CEOs these days, too – Axios

July 29, 2025
Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, Boyd – CDC Gaming

Top Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, and Boyd Take Center Stage

July 29, 2025
US judge blocks Trump’s effort to defund reproductive health organisation – Al Jazeera

US judge blocks Trump’s effort to defund reproductive health organisation – Al Jazeera

July 29, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (744)
  • Economy (768)
  • Entertainment (21,648)
  • General (16,168)
  • Health (9,805)
  • Lifestyle (776)
  • News (22,149)
  • People (770)
  • Politics (777)
  • Science (15,981)
  • Sports (21,266)
  • Technology (15,749)
  • World (751)

Recent News

More than just a hockey player – Rochester Institute of Technology Athletics

Beyond the Ice: The Inspiring Journey of a Remarkable Athlete from Rochester Institute of Technology

July 29, 2025
Sports Illustrated’s College Football Preseason Top 25: No. 20 Missouri – Sports Illustrated

Missouri Climbs to No. 20 in Thrilling College Football Preseason Top 25

July 29, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version