MG Aims to Export 'Made in Thailand' EVs to Europe
SAIC Motor, the Thai manufacturer behind the MG brand electric vehicles, is setting a precedent as Thailand's first domestic EV producer to target the European market.
Facing steep EU tariffs on Chinese imports, which can reach up to 38%, Chinese automakers are increasingly turning to Thailand as a strategic manufacturing hub.
This move leverages Thailand's potential to bypass these tariffs by ensuring that EVs contain over 40% locally sourced parts, qualifying them as Thai-originated.
Suroj Sangsit, the executive vice president of SAIC Motor-CP, sees this as a significant opportunity for Thailand to support Chinese EVs entering Europe and stimulate local technological advancements in EV components.
This move leverages Thailand's potential to bypass these tariffs by ensuring that EVs contain over 40% locally sourced parts, qualifying them as Thai-originated.
Suroj Sangsit, the executive vice president of SAIC Motor-CP, sees this as a significant opportunity for Thailand to support Chinese EVs entering Europe and stimulate local technological advancements in EV components.
