Beijing (Gas Goo) – At the Belt and Road CEO Conference on October 17, Chinese automaker Changan Automobile announced that it will invest 8.8 billion Thai baht (approximately 1.77 billion yuan) to build a new energy vehicle production plant in Thailand. and signed an agreement. .
Signing ceremony.Photo provided by: Changan Automobile
The first phase of the project is designed to have a production capacity of up to 100,000 units.
On the same day, Nalini Taveesin, Secretary-General of the Thai Investment Board, awarded Changan Automobile Chairman Zhu Huarong a certificate of investment in Changan Automobile’s production base project in Thailand.
Presentation of certificate; Photo provided by Changan Automobile
Changan’s investment plan is aimed at meeting the rapid growth in demand for electric vehicles in the Thai and ASEAN markets. The factory planned by Changan will be located in Zone 4 of WHA Eastern Seaboard Industrial Park (WHA ESIE 1) in Pluak Daeng District, Rayong Province, and will cover an area of approximately 600 mu (0.4 square kilometers). The designed production capacity for the first phase is set at 100,000 units, with future expansion possible.
Mr. Zhu Huarong said that Thailand is an important and long-term strategic base for Changan Automobile. Changan highly rates the Thai government’s preferential policies for Changan Automobile’s production base investment project in Thailand. With the support of the Thailand Investment Board, Changan aims to bring its advantageous resources to Thailand, achieve mutual development, and accelerate the electrification of Thailand’s automobile industry.
Gasgoo not only provides timely news and deep insights on China’s automotive industry, but also helps suppliers and buyers connect and expand their business through multiple channels and methods. Buyer Service: buyer-support@gasgoo.com Seller Service: sell-support@gasgoo.com
All rights reserved. Please do not reproduce, copy or use the edited content without permission. Contact: autonews@gasgoo.com.