Thailand Secures 137 Billion Baht in Electric Vehicle Investment as Global Automakers Expand Production Base
Thailand has attracted more than 137 billion baht in new investment commitments across its electric vehicle supply chain, according to the Board of Investment, reinforcing its position as Southeast Asia’s leading automotive manufacturing hub. The 198 approved projects span battery production, key components and charging infrastructure, with global manufacturers shifting production to Thailand amid geopolitical uncertainty, creating more than 16,000 jobs and integrating over 800 local suppliers into international supply chains linked to Hyundai, BYD and Mercedes-Benz.