Key Takeways
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Thailand is ramping up its electric vehicle (EV) industry, with Industry Minister Eknat Promphan negotiating with Chinese companies GAC Group, BYD, and Huawei to establish the country as a global EV hub from March 4-7, 2025.
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The government is supporting EV manufacturing, particularly in the Eastern Economic Corridor (EEC), where GAC has set up a factory in Rayong. Infrastructure improvements and incentive measures are also being strengthened.
- For BYD, policies to promote new energy vehicles are in place, including a 4% excise tax reduction request to enhance Thailand’s EV supply chain. Additionally, efforts focus on developing skilled personnel and advancing R&D for sustainable growth.
Thailand is accelerating its development of the electric vehicle (EV) industry!
Recently, Mr. Eknat Promphan, Minister of Industry, led intense negotiations with three Chinese giants—GAC Group, BYD, and Huawei—from March 4-7, 2025, to position Thailand as a global hub for EVs and cutting-edge technology.
Starting with GAC Group, Thailand reaffirmed its full support for EV manufacturing, especially in the Eastern Economic Corridor (EEC), where GAC has established a factory in Amata City Industrial Estate, Rayong. The government is also enhancing infrastructure and incentive measures.
For BYD, Thailand emphasized policies promoting new energy vehicles and is moving forward with a request to reduce excise tax by 4% to boost Thailand as a leading EV supply chain base. Efforts are also underway to develop skilled personnel and R&D for sustainable growth.
