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BANGKOK, June 13, 2022 /PRNewswire/ The Thailand Board of Investment (BOI) at a meeting today approved a combined 209.5 billion baht (US 6.2 billion) worth of investment applications in manufacturing and infrastructure projects, including 36.1 billion baht by Horizon Plus Co., Ltd., a joint venture between Taiwan's Foxconn and Thailand's PTT PCL, to make battery electric vehicles (BEV), and approved enhanced benefits for investment in battery production, building up on the policy to become Southeast Asia's EV manufacturing hub. The board also approved a set of improved incentives to promote investments in smart industrial estates and smart systems, including upgrades of existing industrial estates. "The roll out over the last three years of the measures to boost investment in EVs is already showing clear results and by improving the incentives for battery production, an essential element of the industry's transition, we hope to further strengthen the supply chain ....

Krung Thep Mahanakhon , Duangjai Asawachintachit , Gen Prayut Chan Ocha , Clean Power Co Ltd , Asia Era One Co Ltd , Horizon Plus Co Ltd , Kingboard Holdings Group , Smart Energy , Thailand Board , Southeast Asia , Secretary General , Prime Minister Gen Prayut , Smart Facilities , Smart Economy , Smart Good Corporate Governance , Smart Living , Smart Workforce , Eastern Economic Corridor , Land Ownership , Foreign Juristic Persons , Horizon Plus , Think Asia , June 13 , 022 Prnewswire The Thailand Board Of Investment Boi Ata Meeting Today Approveda Combined 209 5 Billion Baht Us 6 2 Worth Applications In Manufacturing And Infrastructure Projects , Ncluding 36 1 Billion Baht By Horizon Plus Co , A Joint Venture Between Taiwan 39s Foxconn And Thailand Ptt Pcl ,