BANGKOK : China's Great Wall Motor Co Ltd is finalising plans to invest up to $30 million to set up a new battery pack assembly plant in Thailand, where it will start making a compact electric car next year, according to a company official.The Hebei-based company is also considering establishing a researc
BANGKOK : China's Great Wall Motor Co Ltd is finalising plans to invest up to $30 million to set up a new battery pack assembly plant in Thailand, where it will start making a compact electric car next year, according to a company official.
Although China's Great Wall and BYD Co Ltd have made large investments in Thailand, Japanese carmakers including Toyota Motor Corp and Isuzu Motors Ltd dominate the country's domestic auto market, with pickup trucks accounting for more than half of sales last year. Great Wall launched its Ora Good Cat compact EV in Thailand in late 2021. It became the country's top-selling EV last year, with the cheapest variant listed on Great Wall's website priced at 828,500 Thai baht after a government subsidy of 230,500 baht.
A pack assembly facility could require an investment of between 500 million to 1 billion Thai baht, with the exact size depending on a plan expected to be finalised within the next six months, Narong said.
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