Chinese GAC Aion first overseas investment - factory in Thailand
Recent years, Chinese overseas investments shift to Asia countries. In this regards, Southeast Asia country, Thailand is on the spot. Recently, Chinese GAC Aion first overseas investment - factory in Thailand opened. It consists of the tools, equipment, machines, and buildings of a business concern. It is a business establishment, the actual place where production is organised e.g. Look at this recent article from ELECTRIVE.
GAC Aion’s Thai factory is an assembly plant with an annual production capacity of 50,000 vehicles. The Chinese automaker aims to make Thailand its global export hub for right-hand drive markets.
The manufacturer opened its Thai factory in Rayong Province, about 150 km southeast of the national capital Bangkok. The company built its first overseas production facility with an investment of approximately ฿2.3 billion (€58.5 million).
Thailand has recently developed into an eMobility hub in Southeast Asia, primarily as an expansion base for Chinese manufacturers. Neta is building a plant there, as is Changan, and the MG4 has also been in production in Thailand since November.
There are also a number of battery projects, for example from Eve Energy, SVOLT and Gotion High-Tech. Also, just earlier this month, BYD opened its first plant in the region in Thailand. ......See more from ELECTRIVE here
In conclusion, it is new development around the Chinese investments in overseas, especially, Chinese carmakers are building factories or already producing EVs in other countries around the world, further improving global green transition. to support or improve something or make it stronger:
It is an alternative strategy to deal with today’s world business climate and making global green transition stronger. To move forward, something must be done differently even facing fresh start in challenging situations. Chinese carmakers take the courage to speed up overseas factory construction, further supporting global green transition.
At this moment, there were some Chinese carmakers already producing electric vehicles, some busy with building factories in outside China, from experience proved that more Chinese carmakers will follow to do the same, investing their production lines in other countries, seeking grow, and growing healthily, and contribute to the green transition globally at large. ...read more here Mapping out China’s EV factories overseas investments in Europe.
