Thailand Sets New Localization Thresholds for Electric Vehicle Industry

2024/09/24
NEV
-
Malaysia
Thailand
The Thai government has set new localization requirements for electric vehicle (EV) manufacturers to encourage the development of the domestic automotive industry. Companies wishing to enjoy tax incentives must start producing or assembling three key EV components—electric motors, reducers, and inverters—in Thailand by 2026. The government also offers corporate tax exemptions of up to eight years for international automakers that establish EV battery production lines in the country, and five years for those assembling batteries locally.
Click original text link for more information
Paul Tan
Hot News
Spy Shots Reveal Redesigned Mercedes-Benz C-Class for China, New Grille and Plug-in Hybrid Powertrain
Spy shots have emerged showing a redesigned Mercedes-Benz C-Class testing in China. The new model features a larger shield-shaped grille with three-pointed star motifs and horizontal chrome trim, aligning with Mercedes' latest design language. The headlights and taillights also incorporate the signature three-pointed star elements. The test mule is a plug-in hybrid variant, with the current C 350 e L priced at 408,800 yuan as a reference. Official launch timing remains undisclosed.
XPeng G9L Official Images Released, Positioned as a 300,000-yuan 5-seat Tech Flagship SUV
XPeng has officially unveiled the official images of its new mid-large SUV G9L. Positioned as a 300,000-yuan 5-seat tech flagship, it offers both BEV and PHEV range-extender variants, with an 800V ultra-fast charging platform that adds 450km of range in 9 minutes.
MG SELECT Officially Launched, JSW MG Motor India Opens Premium Luxury Channel Layout
JSW MG Motor India has launched MG SELECT, its exclusive premium luxury channel brand, to deliver curated high-end mobility experiences. Featuring the MG Cyberster EV sportscar and flagship MG M9, it inherits the brand's over 100-year motorsport heritage for new-age luxury market positioning.
4
Geely Starray EM-i Range Extender Variant to Debut First in Thailand, Badged as EM-R
Geely will launch a range-extender variant of the Starray EM-i, badged as EM-R, making Thailand its first global launch market. Derived from the existing PHEV model, it removes the engine direct-drive clutch, with the 1.5L NA engine acting purely as a generator to power the traction motor.
5
Mitsubishi Xforce Officially Launched in Malaysian Market, Two Variants Priced from RM109,980
Mitsubishi's B-segment SUV Xforce launched in Malaysia in April 2026, powered by a 1.5L NA engine mated to an Aisin CVT. It offers Urban and Ultimate variants priced at RM109,980 and RM119,980, with the higher trim adding selectable drive modes and Yamaha premium audio system.
6
8th-Gen Lexus ES Debuts at GIIAS 2026 Indonesia, Featuring First-ever All-electric Variant
Lexus unveiled the 8th-generation XZ20 ES at GIIAS 2026 Indonesia, launching ES350h hybrid and ES350e EV variants priced at Rp 1.299 billion and Rp 1.48 billion. The EV version is equipped with a 74.7kWh battery pack, delivering around 560km WLTP range.
Copyright © RUNTO TECH LIMITED. All rights reserved.