Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens for the delivery of clues about the past. CTOnews.com, July 10 (Xinhua)-- as a large number of Chinese new energy car companies enter the Thai market, other traditional car companies also hope to get a piece of the pie.

Toyota said in a statement that it was considering producing electric cars in Thailand. This is the first time that Toyota has officially confirmed this intention. Over the past decade, Toyota and its group have invested nearly $7 billion in Thailand and employed about 275000 people.

Toyota said that so far, it has received 3356 orders for bZ4X pure electric SUV sold in Thailand last year.

Thailand's Siam Motor Company (Siam Motors) entered this market in partnership with Nissan Motors in 1962, eventually moving from a car dealer to a car pioneer, and annual revenue has increased to $7 billion (CTOnews.com Note: currently about 50.61 billion yuan) and is now looking for opportunities in other areas.

Sebastien Dupuy, vice president of Siam Automotive Group, said the company was in talks with several Chinese carmakers about potential partnerships, particularly in high-end electric vehicles. "We hope to capture this growth point".

Only about 1 per cent of the nearly 850000 new cars registered in Thailand last year were electric vehicles, but the proportion rose to more than 6 per cent between January and April this year, according to government data. Thailand aims to convert about 30 per cent of its annual production of 2.5 million vehicles into electric vehicles by 2030 and has a vision of becoming a regional production centre and is actively seeking investment.

Narit Therdsteerasukdi, secretary-general of the Thai Investment Promotion Council (BOI), which has visited China several times in recent months, said: "We realise that if Thailand wants to become the centre of electric vehicles in the region, it cannot just build the car assembly industry, we need to strengthen the entire electric vehicle ecosystem."

With the rise of the Thai market, Chinese electric carmakers have flocked to Thailand, promising to invest $1.44 billion (currently about 10.411 billion yuan) in production facilities in Southeast Asia's largest car manufacturing center, which has long been dominated by Japanese automakers.

Great Wall bet on Thailand in 2020, first acquiring a GM plant and building it into a regional production center in Thailand at a cost of 22.6 billion baht, according to data. Electric vehicles and hybrid vehicles.

The carmaker will start producing Olla cats in Thailand next year and will also introduce MIND Electronics, HYCET and Nobo Auto, its subsidiaries that make electronics, powertrain and seats.

In addition, SAIC, which owns Mingjue, is working with Thai company CP Group to launch its first electric car in the country in 2019. The company said in April that it would invest 500 million baht to expand its existing electric car parts and battery manufacturing plant.

Chinese electric car giant BYD is investing 17.9 billion baht to set up a new factory in Thailand to produce 150000 passenger cars a year from 2024, some of which will be exported to Southeast Asia and Europe.

China Hezhong New Energy vehicle is also working with Thailand's Bangchan General Assembly to start producing electric NETA V models locally next year.

The Thai Investment Committee (BOI) also said several other deals were in the pipeline.

Changan, which works with Ford and Mazda, will invest 9.8 billion baht to build its first right-rudder electric car plant outside China, according to the Investment Committee.

BOI also said that Ean, a subsidiary of Guangzhou Automobile Group, plans to invest more than 6.4 billion baht to produce electric vehicles in Thailand.

China's Chery, which launched its first self-developed electric car in 2009, is "very interested" in investing in Thailand and plans to enter the market early next year, according to BOI.

Geely is also in the early stages of planning to enter Thailand, including weighing imported and locally made models, according to Reuters.

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.