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Excerpt from www.thailand-business-news.com
The “China Plus One” supply chain strategy is gaining momentum across industries due to geopolitical uncertainty and the ongoing U.S.-China trade dispute.
The ‘China +1’ strategy has seen Thailand emerge as a key link for EV automakers, especially Chinese companies looking to expand their footprint in the region. With its robust automotive production capabilities, Thailand offers a compelling proposition for companies aiming to scale up their EV production. The country’s commitment to transitioning 30% of its auto production to EVs by 2030 has been a significant draw for investors.
Thailand’s strategic position in Southeast Asia has long made it an attractive hub for manufacturing and export, but recent developments have positioned it as a pivotal player in the electric vehicle (EV) industry.
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