Thailand, renowned as the ‘Detroit of Asia’ for its production of internal combustion engine cars, wants to break into the top tier of electric vehicle makers as part of a goal to lure 1 trillion baht ($28 billion) of investments in four years.
To that end, the Southeast Asian nation has set up a "special operation” center to catch what its investment board head calls the "big fish” of the EV industry and other strategic sectors. Chinese EV makers are a top target, Narit Therdsteerasukdi, secretary-general of the Board of Investment, said in an interview.
The agency’s investment target for the four years through 2027 in five strategic sectors has not been previously reported.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.