- Chinese automaker Chery targets 50,000 EV production annually in Thailand by 2025.
- Joins industry giants tapping Thailand’s EV ambitions.
- Country aims for one-third vehicle production electrified by 2030.
50,000 EVs and counting!
Chery Automobile, the trailblazing Chinese automaker, is gearing up to conquer the Thai automotive market with an ambitious manufacturing plant.
By 2025, this state-of-the-art facility aims to roll out a staggering 50,000 hybrid and electric vehicles (EVs) annually.
Chery’s entry into Thailand marks a significant milestone, as it becomes the eighth Chinese car company to invest in manufacturing within the Southeast Asian kingdom.
Joining the ranks of industry titans like BYD, Great Wall Motor, and Changan Automobile, Chery is poised to shake up Thailand’s traditionally Japanese-dominated auto industry.
Thai authorities fuel EV ambitions
Recognizing Thailand’s strategic position as an auto assembly and export powerhouse, the nation’s authorities are pulling out all the stops.
Their audacious goal? To ensure one-third of Thailand’s annual vehicle production – a staggering 2.5 million units – becomes electrified by 2030, backed by enticing subsidy and incentive policies.
But Chery isn’t the only player eyeing the Thai market’s EV potential.
Vietnam’s VinFast has already announced its partnership with 15 local dealerships, signaling an imminent surge of EV investments from global automakers keen to establish a foothold in this lucrative region.
To read the original article: https://www.techinasia.com/chery-sets-output-50k-hybrid-electric-cars-upcoming-thai-plant
