A number of auto companies from China and Thailand jointly build new factories in Thailand

At present, Thailand's Eastern Economic Corridor (EEC) has developed into an electric vehicle production center in Southeast Asia, and Chinese and Thai companies are actively building new factories. It is reported that the Chinese auto brand BYD is planning to build a new factory in Rayong. The factory is expected to be put into use in 2024, and the annual production capacity will reach 150,000 vehicles by then. Thailand's National Petroleum Corporation also joined hands with China's Foxconn to build a new plant at the Logana Industrial Park in Chonburi Province with an investment of 36 billion baht. In addition, Chinese auto brands such as MG and Great Wall also plan to establish electric vehicle manufacturing plants in Thailand. Other auto parts makers also plan to invest in factories, notably battery makers such as Thai renewable energy company Energy Absolute and Thai Electricity and Utilities. The Deputy Secretary-General of the Eastern Special Economic Zone Policy Committee said that with the increasing demand for electric vehicles worldwide, electric vehicles will have a huge impact on the industrial production of Thailand and even the entire Southeast Asian region. The Thai government will also introduce policies to support the public to buy cars and batteries. Manufacturers invest and build factories in Thailand.