Ren Min Ri Bao·2025-06-04 19:20Group 1 - Thailand's electric vehicle market is becoming a significant focus for Chinese automakers due to its geographical advantages, policy support, and market potential [1][2] - As of May 2023, Chinese automakers have planned production capacity exceeding 600,000 units in Thailand, with seven companies establishing factories there [1][2] - Chinese electric vehicle products hold a 75% market share in Thailand, indicating a strong presence and growing manufacturing capabilities [1] Group 2 - The Thai government has introduced the EV3.0 policy, which includes a 40% reduction in electric passenger vehicle import tariffs from 2022 to 2023, incentivizing local production [2] - Major Chinese automakers such as BYD, NIO, and Great Wall Motors have established factories in Thailand, contributing to the local production capacity [2] - The Thai automotive market showed signs of recovery with a 0.97% year-on-year increase in domestic vehicle sales in April 2025, highlighting potential growth [2] Group 3 - Chinese automotive companies are expanding their supply chain in Thailand, with 165 local subsidiaries established by Chinese firms as of March 2025 [3] - Chinese automakers are actively involved in building charging infrastructure in Thailand, with plans to establish a network of 1,000 charging stations by 2028 [3] - The presence of Chinese companies in Thailand is creating job opportunities and fostering local talent development through partnerships with educational institutions [3]