Nonthaburi, Director-General of the Department of Business Development reveals the total investment in businesses related to electric vehicles (EV Industry) over 4 years. The total investment is more than 22,134.80 million baht, with investors from Singapore, China, Hong Kong, Japan, and the United States. Confident that Thailand will definitely be a base for businesses related to electric vehicles. Many countries are interested in investing.
Mrs. Oramon Sapthaweetham Director-General of the Department of Business Development mentioned
Investment trends in businesses related to electric vehicles (EV Industry) under the Business Act Foreign businesses 1999, over the past 4 years (2020-2023), there were 14 businesses with a total registered capital of 22,134.80 million baht, with investors from Singapore, China, Hong Kong, Japan, the United States and the United Kingdom. Invest in brokerage/retail/wholesale business (electric cars/electric motorcycles/EV Battery) 4 companies, capital 310.80 million baht, EV C
harging Station business 3 companies, capital 8,893.34 million baht, contract production service business 2 companies, capital 371.68 million baht, and businesses related to electric vehicles ( EV Industry) 5 companies, capital 12,558.99 million baht.
Business groups related to EV cars tend to have an increasing proportion of investment from Chinese nationals. Because most electric cars today are brands from China. which has the largest proportion of production and the largest export in the world
They are imported for sale in Thailand, approximately 1% of China’s total electric car exports. At the same time, China is also coming to expand the production base of electric cars in Thailand. This is a good opportunity for Thailand. That will cause the transfer of technology, which is a body of knowledge in specific areas. and knowledge about innovative technology for producing EV cars
Moreover, as far as following the EV industry, it tends to grow continuously. Either due to fluctuations in oil prices or envir
onmental problems that modern consumers are increasingly concerned about. Even though the industry faces profitability challenges This is because the price of EV cars tends to be cheaper due to lower production costs. But with technology changing rapidly as well as developing EV car models to meet consumer needs exactly. This gives the opportunity for EV cars and related businesses the opportunity to grow exponentially. and make continuous profits in the future, etc.
Source: Thai News Agency