Chinese new energy vehicle companies have complementary advantages and win-win cooperation with Thailand

Photo taken on Nov. 28, 2019 shows the Ola Good Cat electric car at the Thailand International Auto Show in Nonburi province, Thailand.

Thailand is an important automobile producer in Southeast Asia. In recent years, Thailand has embraced electrification. According to the "3030 policy" issued by the Thai government, Thailand plans to reach 225,000 electric vehicle sales by 2025 and 725,000 by 2030, accounting for 30% of its vehicle production.

In Thailand, Chinese electric vehicles have been favored by more and more Thai consumers with their high-quality products, innovative designs and competitive prices. According to the statistics of the Thai Automobile Association, the total registration of electric vehicles in Thailand in 2023 is about 76,000, accounting for 12% of the total car registration, of which the top four are Chinese brands, and and 8 of the top 10 are Chinese brands.

The investment and construction of factories by Chinese auto companies in Thailand has also helped the transformation and upgrading of the Thai auto industry. Chinese auto company Great Wall Motor completed the acquisition of the Rayong plant in Thailand in November 2020, becoming the first Chinese auto brand to fully enter Thailand. On January 12 this year, the Great Wall Motor's electric vehicle brand Ola Good Cat officially rolled off the production line at the Luong New energy Vehicle manufacturing base, which is the first mass-produced pure electric vehicle locally produced in Thailand.

Resource: 新华网