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Chinese automakersFortune
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79% Informative
In the past two years , Chinese automakers including BYD , GAC Aion , and Chery have announced plans to build manufacturing facilities in Thailand .
So far Chinese investments in Thai auto plants total at least $1.4 billion .
In Thailand , Chinese EV manufacturers are starting to challenge Japanese brands that have long dominated the Thai auto market.
Thailand relied heavily on incentives and tariffs to turn itself into a regional auto-manufacturing hub.
Auto Manufacturing makes up 10% of Thailand ’s GDP and contributes about 850,000 jobs.
Bangkok has a “ 30@30 ” plan, with a goal of 30% of autos produced to be EVs by 2030 .
Chinese brands accounted for some 80% of EV sales in Thailand last year .
Once established as trusted brands, carmakers can begin introducing EVs.
The automakers employed the same strategy in China , Russo says.
“That’s exactly what they’re going to do internationally,” Russo says of the automakers.
VR Score
84
Informative language
86
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47
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Language
English
Language complexity
58
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Hate speech
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Attention-grabbing headline
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Known propaganda techniques
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Time-value
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