Bangkok, Government spokesperson Revealing that the government continues to support Thai entrepreneurs participating in the EV automotive industry supply chain, confirming that they want Thai people to benefit from the EV automotive industry, supporting the Thai economy. Ready to fight environmental challenges
Mr. Chai Watcharong, spokesman for the Prime Minister’s Office, revealed that the government supports the importance of promoting domestic parts manufacturers to participate in the EV industry supply chain in implementing the policy to promote the transition of the automotive industry in Thailand. Towards electric vehicles (EV), the government aims to produce cars that emit zero emissions (Zero Emission Vehicle) to make up at least 30 percent of total car production by 2030, also known as 30@30 policy by encouraging domestic parts manufacturers to participate in the EV industry supply chain through setting conditions for electric vehicle manufacturers that are entitled to EV3 and EV3.5 measures to use
batteries or key parts. that are produced domestically, such as drive motors Battery management system (BMS), driving control system (DCU), inverter, gear reducer or air conditioning compressor, etc.
In the past, the Board of Investment (BOI) has promoted investment in businesses related to electric vehicles. including the production of electric cars Production of batteries and important parts and provision of electric charging stations, a total of 103 projects, total investment of 77,192 million baht, and emphasis on creating business opportunities for domestic parts manufacturers. It has worked with the Thai Subcontracting Promotion Association, the Automobile Association, and leading companies in the automotive industry and others to organize a variety of activities, such as domestic parts sourcing activities (Sourcing Day), business matching and negotiation activities. Business network building activities and parts industry expo, etc., to encourage domestic entrepreneurs to play a role in the supply chai
n of target industries.
In addition to activities targeting individual companies BOI has joined with the Thai Subcontracting Promotion Association and Informa Markets Company to organize a big event to showcase supporting industrial products in Thailand every year under the name SUBCON Thailand as a stage for Purchasing industrial parts and international business matching. In 2023, at SUBCON Thailand in Bangkok, there were more than 160 industrial parts manufacturers participating in the event, resulting in more than 8,500 business matching pairs, with a value of over 20,000 parts traded. million baht while at SUBCON in the eastern region This is the second year that it has been held in Chonburi Province. There were more than 150 companies attending the event, more than 800 pairs of business negotiations occurred, and there was a trading value of over 7,000 million baht in parts.
‘The government intends in every policy that it implements with the main objective of benefiting Thai people. The government hast
ened the process of developing Thai entrepreneurs. and believe in the potential of Thai entrepreneurs We believe that in the near future the potential of Thai entrepreneurs will be so great that they will dominate the important supply chain market,’ Mr. Chai said.
Incidentally, this year’s SUBCON Thailand event will be held from 15 – 18 May 2024 at the BITEC Exhibition and Convention Center. It will focus on linking supply chains in two main industries: electric vehicles and electronics. This is an important industry that will generate income for the country and create jobs for many Thai people. The event will help promote the trading of industrial parts from domestic entrepreneurs. There will also be a special seminar for Chinese EV car manufacturers to present their supply chain development plans. and policies for purchasing parts of companies in Thailand.
Source: Thai News Agency