has said it, together with its partners, will invest around RM300 million to develop a sales and after-sales network as well as a manufacturing plant.
Other Chinese automakers such as BYD and Great Wall Motors have also invested in Thai plants as demand heats up among domestic consumers. Last month, it was reported that Changan Auto would be investing US$285 million to set up a production facility in Thailand. Last year, Thailand became the first country in the region to offer cash subsidies for imported passenger EVs. Imported fully-electric models are also exempt from most import and excise duties until the end of 2023 – automakers wishing to continue benefiting from these subsidies will have to begin producing their cars locally starting from 2024.Anthony Lim believes that nothing is better than a good smoke and a car with character, with good handling aspects being top of the prize heap.