Prices for the model assembled in Thailand start at 799,000 baht.
Investment in EV production in Thailand continues to expand, with the Board of Investment (BOI) approving 23 EV projects from 16 companies. By 2030, electric vehicles are expected to account for 30% of Thailand’s total vehicle production, or approximately 725,000 vehicles per year.
Currently, six Chinese EV companies that will rank in the top 10 by revenue in China in 2022 have entered or are planning to enter the Thai market, and GWM has an investment plan of 22.6 billion baht for EV production, parts, and EV infrastructure. It is being announced.
Industry Minister Pimpatla Wichaikul presided over the opening ceremony of the new GWM electric vehicle Ola Good Cat production line at the GWM factory in Eastern Seaboard Industrial Park in Rayong on Saturday (January 12).
According to a Board of Investment (BOI) report, Ora Good Cat will be the first Chinese brand to start EV production in Thailand, in line with the government’s EV 3.0 support package.
Thailand will be the first country outside China where Ora electric vehicles will be manufactured for the international market, making Thailand an EV hub in ASEAN.
Additionally, starting in March, the company plans to use battery packs produced by its subsidiary SVOLT Battery Factory, which invested in Thailand and established a battery production facility in July 2023.