STORY: China's Changan Auto to set up EV plant in Thailand
DATELINE: Oct. 27, 2023
LENGTH: 00:01:11
LOCATION: Bangkok
CATEGORY: ECONOMY

SHOTLIST:
1. various of the land purchase contract signing ceremony
2. various of the promotion video of Changan Auto

STORYLINE:

Chinese automaker Changan on Thursday signed a land purchase agreement with Thailand's industrial estate developer WHA Group to build its new electric vehicle (EV) factory in the Southeast Asian country.

The 40-hectare plant is located in Thailand's eastern Rayong province, part of the country's Eastern Economic Corridor (EEC), a special development zone.

Scheduled to start operation in 2025 with an initial capacity of 100,000 units per year, the plant will be a production base for electrified vehicles to supply the Thai market and export to neighboring ASEAN and other markets including Australia, New Zealand, and Britain.

Thailand has long been a major automobile production base in Southeast Asia due to its industrial chain and geographical advantages.

Under the government's investment promotion, it aims to produce EVs for 30 percent of all vehicles in the kingdom by 2030. 

In addition to Changan, Chinese carmakers such as Great Wall and BYD have built plants in Thailand and launched EVs. According to the Federation of Thai Industries, in the first half of this year, Chinese brands accounted for over 70 percent of Thailand's EV sales.

Xinhua News Agency correspondents reporting from Bangkok.
(XHTV)