BANGKOK : China's Hozon New Energy Automobile will make electric vehicles in Thailand for the Southeast Asian market, a Thai official said on Saturday, as it follows others in building facilities in the region's major auto production hub.Hozon signed an agreement with Thailand's Bangchan General Assembly
BANGKOK : China's Hozon New Energy Automobile will make electric vehicles in Thailand for the Southeast Asian market, a Thai official said on Saturday, as it follows others in building facilities in the region's major auto production hub.
Hozon signed an agreement with Thailand's Bangchan General Assembly this week to start production of its NETA V model, expected in 2024, Thai government spokesperson Tipanan Sirichana said in a statement. The EV maker launched its NETA V model in the Thai market last year and planned to start offering its NETA U and NETA S models in the near future, Tipanan said.
Other Chinese EV makers like BYD have also invested in Thai plants as demand heats up among domestic consumers choosing from brands like Great Wall Motors and Tesla. Last month, a Thai official said China's Changan Auto would invest $285 million in a facility in Thailand.The country aims to become a key player in the global EV supply chain outside of China by offering tax cuts and subsidies to drive EV adoption and production.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why it’s time to revisit these newly renovated hotels in Southeast AsiaThese hotels have reinvented themselves to entice guests to rediscover their charms.
Read more »
Second S’porean charged over alleged bribes offered to fix basketball matches in Thailand30-year-old man who used to own two companies was handed four graft charges on Friday. Read more at straitstimes.com.
Read more »
How Thailand’s general election worksVoters will choose the next government in the May 14 poll Read more at straitstimes.com.
Read more »
China's top financial data provider restricts offshore access due to new rules-sourcesHONG KONG : China's biggest financial data provider Wind Information Co told some customers late last year that it was restricting offshore users from accessing certain business and economic data as a result of the cybersecurity regulator's new data rules, two sources said.Restricted access to Wind by off
Read more »
China's AI industry barely slowed by US chip export rulesUS microchip export controls imposed last year to freeze China's development of supercomputers used to develop nuclear weapons and artificial-intelligence systems like ChatGPT are having only minimal effects on China's tech sector. The rules restricted shipments of Nvidia Corp and Advanced Micro Devices Inc chips that have become the global technology industry's standard for developing chatbots and other AI systems....
Read more »
Majority of Sunac China creditors back debt restructuring planEmbattled property developer Sunac China Holdings Ltd said on Thursday that about 85 per cent of its existing bondholders had agreed to a proposal on debt restructuring. The company had met the minimum requirement for the proposal in late April, after creditors holding about 75 per cent of its existing de
Read more »