BANGKOK - The COVID-19 pandemic is accelerating the remaking of Thailand’s automotive industry, the backbone of Southeast Asia’s auto sector, as factory shutdowns compound a shift toward electric vehicles.
But there’s a catch: Thailand’s shift toward electric vehicles could pummel the local auto industry because it is dominated by hundreds of parts makers, while EVs require just 10% to 20% as many of parts as internal-combustion vehicles. The Bangkok-based company has avoided laying off any of its hundreds of workers by offsetting the drop in orders from automakers with an increase in replacement parts. The company is looking to branch out into making filters for industrial and medical use and is developing a new kind of protective mask.Others moved to packaging and aviation.
joefree215 Wishful thinking about the future of EV's in Thailand. More int'l EV sales mean nothing if car makers don't see TH as a good market for EV or hybrid sales, which they don't. Nissan Leaf is the only major EV you can buy in TH but at prices levels that Thais won't or can't buy.
Want ☝️
when america was great, we had thai stick. i'm not sure all the imports are a good idea.
Lov in it
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »