Changan Auto to invest 8.8 billion THB to build a factory in Thailand
CHONGQING (CQNEWS) -- On October 17, the "the Belt and Road" CEO Conference was held. The reporter learned from the signing ceremony that Changan Auto has reached intended deals with the Thailand Board of Investment. Changan Auto plans to invest 8.8 billion THB (approximately 1.77 billion RMB) in Thailand to build a new energy vehicle production factory, with a designed production capacity of up to 100,000 vehicles in the first phase.
On the same day, Narit Therdsteerasukdi, the Secretary General of Thailand Board of Investment, issued an investment certificate for the Changan Auto Production Base Project in Thailand to Zhu Huarong, the Chairman of Changan Auto.
Previously, Thailand Board of Investment had communicated with the senior management of Changan Auto for several times, particularly expressing appreciation for Changan Auto's new energy vehicle products and technological reserves. Changan’s new energy vehicles are believed to be highly popular in Thailand definitely.
The factory planned to be built by Changan Auto in Thailand will be located in Zone 4 of WHA East Coast Industrial Park, Rayong Province, Thailand, covering an area of approximately 600 mu. The designed production capacity of the first phase can reach 100,000 vehicles, with expansion capacity reserved for design.
The investment plan of Changan Auto aims to meet the rapidly growing demand for electric vehicles in the Thailand and ASEAN markets. The Thailand government has provided strong support for the development of the electric vehicle industry as well as a series of preferential policies and incentives for enterprises involved through the Thailand Board of Investment.
As the opening event of the third "Belt and Road" Forum for International Cooperation, a large number of practical cooperation projects between China and foreign countries were signed during the conference.
The projects involve 68 countries and regions, covering multiple fields such as infrastructure, clean energy, artificial intelligence, biopharmaceuticals, financial services, modern agriculture, and rail transit. The number of projects, countries involved, and the amount of contracts signed, are far more than that in the last CEO Conference, fully demonstrating the fruitful results achieved by Chinese and foreign business circles during their active participation in the "Belt and Road" international cooperation, and highlighting the good vision and firm confidence of continuing to contribute to the high-quality "Belt and Road" cooperation. (Translated by Hu Chuanmin, Fathom Language Limited)