BANGKOK: Chinese automaker Great Wall Motor has signed an agreement with Thailand's government to slash retail prices of its electric vehicles, an executive said today, a move aimed at boosting domestic EV sales and production.
That would apply to vehicles typically priced 1 million baht , representing a saving of about 13-15%. A similar agreement has also been signed with rival automaker, SAIC-CP Motor, the Thai unit of SAIC Motor Corp, the finance ministry said on Monday. Great Wall Motor in 2020 took over the General Motors plant in Thailand, Asia's fourth-largest auto assembly and export hub.This year the firm plans to sell 20,000 units in Thailand between its two brands, the BEV Ora Good Cat and Haval SUVs, Chong added. It plans to locally produce EVs in 2024.