China's Geely Eyes Thailand's EV Market, Evaluates Possibilities Of Building A Plant
Portfolio Pulse from Anusuya Lahiri
Chinese automaker Geely is considering entering Thailand's electric vehicle (EV) market, including importing and local manufacturing. Thailand's Board of Investment held discussions with five major Chinese EV makers, including Geely and BYD, in April. Thailand aims to convert 30% of its annual production of 2.5 million vehicles into EVs by 2030.
May 31, 2023 | 2:07 pm
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BYD participated in discussions with Thailand's Board of Investment in April, showing interest in Thailand's policy to develop a regional EV production base.
BYD's participation in discussions with Thailand's Board of Investment indicates its interest in the country's EV market. Thailand's goal to convert 30% of its annual production into EVs by 2030 presents a significant opportunity for BYD.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Geely is considering entering Thailand's EV market, including importing and local manufacturing, which could expand its global presence.
Entering Thailand's EV market would allow Geely to expand its global presence and tap into a growing market. Thailand's goal to convert 30% of its annual production into EVs by 2030 presents a significant opportunity for Geely.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100