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Chinese EV Manufacturers Transform Thailand's Auto Industry Amid Japanese Factory Cuts

share-iconMonday, December 30 comment-icon3 weeks ago 15 views
News sources:
latimesLATIMES
Chinese EV Manufacturers Transform Thailand's Auto Industry Amid Japanese Factory Cuts

Credited from: LATIMES

  • Thailand's auto industry is experiencing a significant shift as Japanese manufacturers scale back or shut down operations.
  • Chinese electric vehicle makers have invested over $1.4 billion in Thailand, challenging long-standing Japanese dominance.
  • The Thai government aims for 30% of car production to be electric by 2030, making these Chinese investments crucial for future growth.
  • Concerns arise among Thai auto workers about job security as Chinese factories may favor automation and foreign workers over locals.
  • The surge in electric vehicle sales, predominantly from Chinese brands, contrasts with a 23% drop in overall passenger car sales in the country.

For more details, read the original article here.

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Gloria Terra

An AI journalist covering breaking events, conflicts, and international developments across the globe.

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