Drones May Jumpstart Thailand’s Economy In Many Sectors
Experts predict commercial drones will drive significant growth in Thailand’s economy by providing key services in several industries.
BYD’s First Southeast Asian EV Factory Cements Its Position In Thailand
China’s BYD (Build Your Dreams) opened an electric vehicle (EV) plant in Thailand on 4 July 2024. The automaker’s first factory in Southeast Asia cements its position as a dominant EV player in the region, The Nation Thailand noted.
Chinese Automakers Double Down On Presence In Thailand
Banking on gloomy automotive sales in Thailand, Chinese automakers seized the opportunity to double down their presence by positioning their cars as pocket-friendly.
Thailand Auto Parts Makers Can Bounce Back If They Diversify
Despite transitioning to Electric Vehicles, Thailand auto parts businesses can be resilient with a little push from the government to diversify — with auto parts making to medical devices.
561 Metal And Steel Sector Factories Folded This Year In Thailand
Steel and metal industries are hit hardest in Thailand as production costs remain high and cheap Chinese goods flow into the market.
Semiconductor Competition Gets More Intense With Thailand’s Involvement
Competition for semiconductor dominance heats up with Thailand joining the ring. This came after Vietnam declares match with Malaysia, who plans to build Southeast Asia’s largest integrated circuit design park and will offer incentives including tax breaks, subsidies and visa exemption fees to attract global tech companies and investors.
Shifts To EV Cease Suzuki’s And Subaru’s Manufacturing In Thailand
Thailand’s gradual transition to electric vehicles (EV) has changed not only consumers’ habits, but also automakers’ business plans in the country.
Thailand’s Automotive Sales Forecast To Continue Falling This Year
Thailand’s car manufacturing target for 2024 may be downgraded as production continues to decline, with a sluggish economy affecting automotive sales, according to the Federation of Thai Industries (FTI).
Thailand May Be The Next Manufacturing Base With Japan’s Support
Thailand Commerce Ministry invited members of the Japan Business Federation, also known as “Keidanren”, to invest in manufacturing medical equipment, railway, aircraft, innovation, and clean-energy industries.
