Shang Wu Bu Wang Zhan·2025-10-31 16:40Core Insights - The Thai Industrial Federation (FTI) is urging large Chinese automotive manufacturers to further open their supply chain systems to allow more local participation from Thai companies [1] - The local automotive and parts industry in Thailand has seen a significant reduction in workforce, dropping from over 600,000 to approximately 400,000 due to the heavy reliance on imported components [1] Group 1: BYD's Operations in Thailand - BYD's electric vehicle production in Thailand has rapidly increased, with cumulative output exceeding 55,000 units since production began in July 2024, and an expected annual output of over 40,000 units [1] - The current workforce at BYD's factory is around 5,800 employees, with 92% being Thai nationals, an increase from 80% last year, and this is expected to rise to 95% by the end of the year [1] - BYD collaborates with over 20 educational institutions to train a new generation of technical talent for the Thai electric vehicle industry [1] Group 2: Local Sourcing and Employment - The localization rate of BYD's production in Thailand has reached 54%, up from 45% last year, with over 35 local parts suppliers and a total of 529 types of locally sourced components [1] - The emphasis on local parts manufacturing is seen as a way to enhance social trust, promote employment, and build a positive corporate image despite slightly higher production costs in Thailand [1]