Remove Chinese Remove Industrial Remove Tax Remove Thailand
article thumbnail

Tesla executives looking for 790-acre land in Thailand: Prime Minister

Teslarati

In an apparent bid to highlight Thailand’s potential position as an electric vehicle manufacturing hub in Southeast Asia, Thai Prime Minister Srettha Thavisin personally accompanied Tesla executives on a tour of potential industrial sites last week. Thailand has an annual production of 2.5

Thailand 135
article thumbnail

Southeast Asia market will become a competitive place for Chinese and Japanese car companies

Setec Powerr

Europe, the birthplace of the automobile industry, to North America across the Pacific Ocean, has always been the top stage that Chinese car companies hope to step on. With the current sales figures and the seductive future expectations, Southeast Asia has successfully attracted the attention of Chinese car companies.

Asia 97
article thumbnail

Kia mulls EV plant in Thailand to take on Toyota and BYD with affordable electric cars

Baua Electric

Can Kia challenge Toyota, which has dominated the market in Thailand, with affordable EVs? Chinese automakers like BYD are already stealing market share, but Kia is in talks over a new EV plant in Thailand that could help position itself as an early leader. billion in EV investments.

article thumbnail

Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

Chinese car makers can undercut rivals in Europe because their production costs are heavily subsidised. The year 2023 was the first in which China’s New Energy Vehicle (NEV) 3 industry ran without support from national subsidies for EV purchases, which have facilitated expansion of the market for more than a decade. million were EVs.

article thumbnail

As Detroit of Asia, Thailand goals battery makers to stick forward in EV race

Baua Electric

billion) from the EV trade, led via a slew of Chinese language investments from BYD Co., Corporations making an investment no less than 5 billion baht in EV production will also be excepted from the 20% company tax price for 3 to 8 years. What makes Thailand a compelling playground for EVs? Superb Wall Motor Co. Changan Auto Co.

article thumbnail

Using the PHEV (Plug-In Hybrid Electric Vehicle) to Transition Society Seamlessly and Profitably From Fossil Fuel to 100% Renewable Energy

Green Car Congress

Andrew Frank is a significant industry dignitary credited as being the “Inventor” (or “Father”) of the modern day Plug-in Hybrid Electric Vehicle. This is especially true in air, sea, and some ground transportation as well as in industrial processes. This industry can be greatly expanded and improved to absorb all fossil material.

PHEV 150