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Great Wall Motors (GWM) has great plans for Thailand and the greater Southeast Asia region, with several new models being promised and a new plant nearly ready for production. The latter, a “smart factory” in […]
Chinese automaker Great Wall Motor (GWM) is making Thailand its base for the company's first smart factory in Southeast Asia in a move to boost sales in international markets.
Recap: Global and emerging markets gained on Friday after the Federal Reserve confirmed it would not raise interest rates until it sees inflation above its target for a certain time. Shares had slumped earlier on fears of tightening monetary policy after the US in April recorded its highest growth in inflation in nearly 12 years.
EV industry gifted investment privileges
published : 14 May 2021 at 04:04
2 Visitors browse EVs displayed at the Bangkok International Motor Show 2021 at Impact Muang Thong Thani. Varuth Hirunyatheb
The National New Generation Vehicle Committee has approved investment privileges for electric vehicle (EV) charging and battery swapping businesses under its plan to develop more EV infrastructure in Thailand.
The move is part of the committee s attempts to accelerate demand for EVs after it set a goal to have 50% of vehicles made locally be EVs by 2030, said Energy Minister Supattanapong Punmeechaow, who chaired the committee s meeting on Thursday.
With incentive packages, the committee expects at least 12,000 EV chargers and 1,450 battery swapping stations to be set up nationwide, allowing motorcycle riders whose batteries are running low to swap them for fully-charged ones without having to wait for a full recharge.