The automotive industry is one of the focus industries promoted by the Thailand Board of Investment (BOI), and ranked among the top three industries with the highest number of approved projects that attracted approximately THB 42,200 million in investment to Thailand in 2023. In recent years, the BOI has introduced measures to attract investment in EV-related businesses to support the government’s priorities of increasing competitiveness in the automotive industry, and promoting Thailand as the regional electric vehicle (EV) hub.
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