New ‘best practice’ principles for superannuation products are coming. We asked a panel of experts what should be included 
I’ve studied organisational failure for decades – the Church of England needs more than a new leader 
Cybertruck Joins Trump’s Motorcade at SpaceX Starship Test in Texas 
Bitcoin Hits $80,000 - Why Trump is Boosting Crypto? 
Bitcoin ETFs Hit $104 Billion, Outpacing Gold ETFs in Growth Amid Post-Election Market Optimism 
China’s Pony AI Pursues $4.55 Billion Valuation in Ambitious US IPO to Lead Robotaxi Surge 
How to Effectively Utilize an Emergency Line of Credit 
South Korea’s $36K Crypto Tax Threshold Sparks 2025 Battle: 20% Gains Levy in the Crossfire 
Bitcoin Soars Past $98,000, Catapults Satoshi Nakamoto Into World's Top 20 Billionaires 
Tobacco isn’t a good investment – study shows a decline in stock prices since 2016 
5 Crucial Metrics Shaping Ethereum’s Next Move: Whale Activity and Network Growth in Focus 
Fed's Goolsbee Expects Rates to Drop 'Fair Bit Lower,' Cautions on Slowing Cuts 
Fast fashion may seem cheap, but it’s taking a costly toll on the planet − and on millions of young customers 
Apple Fights Back Against DOJ Monopoly Allegations Amid Rising Big Tech Antitrust Pressure 
S&P 500 Climbs on Cyclical Stocks as Nvidia and Alphabet Diverge Amid Fed Speculation 
Major Japanese auto manufacturers, including Toyota, Honda, Isuzu, and Mitsubishi, are set to invest 150 billion baht ($4.34 billion) in Thailand over the next five years. This move by the automakers supports Thailand's transition towards electric vehicle (EV) production.
Reuters reported that the investments made by Toyota Motor and Honda Motor will amount to approximately 50 billion baht each. In comparison, Isuzu Motors and Mitsubishi Motors will invest 30 billion baht and 20 billion baht, respectively. Notably, these investments will cover the production of electric pickup trucks.
Facilitating Thailand's Transition to EVs
Daily Sabah noted that Thailand, as Southeast Asia's second-largest economy, is the largest car producer and exporter in the region. With Japanese automakers having a stronghold in Thailand's auto sector for decades, this recent investment solidifies their commitment to support the government's goal of transitioning from combustion engine vehicles to EVs.
The spokesperson, Chai Wacharoke, emphasized that the investment by these Japanese automakers aligns with the government's policy. Thailand aims to convert a third of its annual vehicle production, 2.5 million vehicles, into EVs by 2030. The Thai government is preparing incentives to incentivize further investment and encourage businesses to transition to EV manufacturing.
Growing Competition from Chinese EV Makers
While Japanese automakers dominate the Thai auto sector, recent years have seen significant investments from Chinese EV manufacturers. With the Thai government's introduction of tax cuts and subsidies, the country has become an attractive destination for Chinese carmakers.
Brands like BYD and Great Wall Motor have already committed to investing $1.44 billion in new production facilities in Thailand, showcasing the growing competition within the EV market. Furthermore, executives from U.S.-based EV maker Tesla have been exploring potential investment opportunities in Thailand.
Thailand's Ambitious EV Targets
Thailand aims to convert about a third of its annual vehicle production into EVs by 2030. With a production of 2.5 million vehicles annually, this transition represents a significant shift towards sustainable transportation.
By offering tax cuts and subsidies, the government hopes to attract more international automotive manufacturers to establish EV production facilities within the country.
Executives from American EV giant Tesla have visited Thailand to explore potential investment opportunities. As Tesla continues to expand its global presence, partnerships with countries like Thailand will play a crucial role in its future growth.
Photo: Honda Newsroom
