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Changan Auto Will Set Up EV Production Base In Thailand, Its First Outside China

Anis

28-4-2023

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Changan will invest $285 million or 9.8 billion baht in Thailand
According to the Thai Board of Investments and Changan Chairman Zhu Huarong, Chinese automaker Changan will invest $285 million or 9.8 billion baht in Thailand, with plans to invest a total of $581 million or 4 billion yuan over the next few years. The factory, which will be located in the Eastern Economic Corridor, will begin production in 2024 with a capacity of 100,000 cars per year in the first phase, which will be increased to 200,000 in the second phase.



Changan's Thai plant will serve as a manufacturing hub for right-hand drive electric and hybrid vehicles and batteries, which will be exported to a number of countries. In 2022, Changan was ranked 15th in global EV sales. Changan Automobile's global expansion strategy includes the move, as the company strives to become a world-class EV brand. The company has already established a presence in over 60 countries and regions, selling over 10 million vehicles globally. Changan Automobile ranked first in China's EV market share in 2020, with over 300,000 units sold.


Changan CS75

Thailand is well-known in Southeast Asia as a major hub for conventional automaking, but it is also emerging as a leader in electric vehicle (EV) production.
Because of its favourable government policies, strategic location, and skilled workforce, the country has attracted several global and regional players who are investing in EV supply chain, manufacturing, and battery technology.

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Changan EV
Changan
Changan Thailand
Changan Auto
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Written By

Anis

Previously in banking and e commerce before she realized nothing makes her happier than a revving engine and gleaming tyres........

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