Thailand
Thailand's electric vehicle sales ready for a boost
It targets 30% of the market share by 2030.
Thailand OKs incentives for auto parts joint ventures
The joint ventures between a Thai company and a foreign company are required to invest a minimum of $2.8m in auto parts manufacturing.
Thailand reduces car manufacturing target to 1.7 million units in 2024
Domestic car sales have been sluggish since 2023.
Thailand aims to become 4th largest producer of electronic circuits
Currently, Thailand holds a 4% market share in electronic circuits.
Thailand's auto manufacturing needs new skills, ethics for EV shift
A growing demand for digital skills and expertise in green technologies exists.
More work needs to be done to improve labour conditions in Thailand’s auto manufacturing: ILO
Workers lacking training are paid less and have to work for longer hours.
Thailand's auto parts and accessories export industry reaps $15.6b in 2022
Approximately 2,200 manufacturers cater to the after-market or replacement market.
