Hangcha (603298) 快讯·2025-04-25 07:52Core Viewpoint - Hangcha Group's wholly-owned subsidiary in Thailand is expected to commence production by the end of 2025, with an annual production capacity of 10,000 industrial vehicles, enhancing the company's global localization strategy and reducing tariff costs through ASEAN free trade agreements [1]. Group 1 - The construction of Hangcha Group's Thailand manufacturing company is projected to be completed by the end of 2025 [1]. - The facility will have the capability to produce 10,000 various types of industrial vehicles annually [1]. - The production will support Hangcha's localization and service layout in the global market [1]. Group 2 - The company aims to leverage the ASEAN free trade agreement to effectively reduce tariff costs [1]. - This strategic move will enhance the company's ability to respond to trade barrier risks [1].