US electric vehicle (EV) maker Tesla is in talks with Thailand’s government over building a production facility in the country, an official from the prime minister’s office said on Monday.
The Thai government has offered Tesla, which conducted a site survey late last year, 100% green energy to run the facility that could produce EVs or batteries, Supakorn Congsomjit told reporters.
Also on AF: All Eyes on Premier Li Qiang’s Work Report at China Congress
Thailand is Southeast Asia’s largest car producer and exporter, and has ambitions to become the main EV production hub in the region.
The country has already drawn over $1.44 billion in investment commitments from Chinese EV producers.
- Reuters with additional editing by Sean O’Meara
Read more:
Tesla-BYD Lock Horns in China With Deep Discounts, Incentives
Tesla is S&P 500’s Worst Performing Stock of 2024 – Quartz
Indian Carmakers Block EV Import Tax Cut to Prevent Tesla Entry
Smaller Profit Margins Help China’s BYD Steal Tesla’s EV Crown
New Battery Rules Cut Nissan, Tesla EVs From US Tax Credits
