Chang’an automobile invests over 120 million baht in Thai EV parts research

Chang’an Automobile, China’s leading automotive company, received encouragement from the Thai Deputy Prime Minister and Commerce Minister, Phumtham Wechayachai, to invest in the research and development of electric vehicle (EV) parts in Thailand. This came about after a meeting between Phumtham and Churu Huarong, Chang’an Automobile’s Chairman today.

As a prominent player in the automotive industry, Chang’an Automobile has a strong track record of research and development across various aspects of car manufacturing. The company has established ten research and development centres in more than six countries, including China, Italy, Japan, the UK, the USA, and Germany. In collaboration with renowned car brands such as Ford, Mazda, Suzuki, and Peugeot, Chang’an Automobile has demonstrated its commitment to the advancement of the automotive industry.

In October, the Board of Investment (BOI) approved Chang’an Automobile’s proposal. The company’s significant foreign direct investment is set to be Thailand’s most substantial this year. Chang’an Automobile’s ambitious investment project marks its first major venture outside of China, aiming at production and development in related sectors such as technology, environment, human resources, and the electric automotive industry’s supply chain.

The company plans to develop an EV production plant in the WHA Eastern Seaboard Industrial Estate 4, Rayong Province, located within the Eastern Special Development Zone. The project is expected to generate over 24 million yuan, approximately 120.5 million baht, and create more than 2,600 job opportunities.

“Investing in Thailand to produce electric vehicles, including EV, PHEV, REEV, and batteries, combines research and development, production, component support, distribution, and delivery in one place, Phumtham said.

“This will support Thailand’s electric vehicle industry, benefiting not only the economy but also the quality of life in both countries.”

Phumtham proposed three considerations for the company: supporting the development and research of automotive parts production as an Original Equipment Manufacturer (OEM), promoting supply chain management, and enhancing Thai automotive engineering personnel development.

This will benefit both countries and potentially make Thailand a major production base in the future, reported KhaoSod.