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Thailand's electric vehicle (EV) market will continue to gain momentum in 2023, with sales expected to reach between 25,000 and 35,000 units, says the Federation of Thai Industries (FTI).
BYD is expected to be the latest Chinese automaker to take up the government's electric vehicle (EV) incentives when its sole distributor Rever Automotive Co signs an agreement with the Excise Department later this month for a tax reduction and subsidy that make the firm's "new energy vehicles" more affordable for Thai buyers.
Chinese electric-car maker BYD Co signed a land purchase deal Thursday with WHA Corp, Thailand’s largest industrial-estates developer, to build its first electric vehicle (EV) production plant in Southeast Asia.