The US recently imposed very high tariffs on Chinese products, notably electric vehicles and semiconductors, which will cause China to concentrate on expanding its EV manufacturing within Asia, with Thailand poised to become a key export hub, says the Federation of Thai Industries (FTI).
Car production in Thailand fell 11.02% in April from a year earlier to 104,667 units, the Federation of Thai Industries said on Thursday. The figure compared with March s 23.08%.
Thailand Car Production: Domestic car sales dropped 21.49% in April from a year earlier, after a drop of 29.83% year-on-year in the previous month, the federation said.