SUNWODA(SZ:300207) 鑫椤锂电·2025-03-14 07:40Group 1 - The Thai Investment Promotion Committee (BOI) has approved a significant investment of over 50 billion Thai Baht (approximately 10.7 billion RMB) by Xinwanda Electronics to establish battery production facilities in Thailand, marking the country's first large-scale investment project for electric vehicle batteries [1] - Xinwanda plans to build two factories in Chonburi, which are expected to create 1,000 jobs, including over 900 engineers and researchers, and provide battery-grade production technology training for more than 4,000 Thai personnel [1] - This project signifies Thailand's acceleration towards becoming a manufacturing hub for new energy vehicles, with BOI indicating that Xinwanda is also considering battery recycling operations in the country [1] Group 2 - Thailand's traditional automotive industry is undergoing transformation, with a reported 10% year-on-year decline in automotive production in 2023, reaching a four-year low, while domestic sales and export values fell by 26% and 8.8%, respectively [1] - Chinese new energy vehicle companies, represented by BYD and Great Wall Motors, have collectively invested over 102 billion Thai Baht (approximately 21.8 billion RMB) in Thailand [1] - The Thai government has introduced new policies to stimulate the market, including tax incentives for plug-in hybrid vehicles and credit guarantees for pickup truck buyers, with Japanese automakers like Toyota and Honda seeking government support through trade-in policies [2]