Chinese carmaker Great Wall Motor has started deliveries of electric cars manufactured at the company’s plant in Rayong province, Thailand.
Chinese carmaker Great Wall Motor is set to boost its electric vehicle business in ASEAN after setting up a production base in Thailand, where it plans to start selling local electric vehicles in January.
The company will announce a new business plan in February detailing its investment budget and new car models to be produced at the plant in Rayong province, said Great Wall Motor managing director Naronga Sritalayon.
In 2020, Great Wall Motor announced that it would spend 22 billion baht to invest in electric vehicle production and renewable energy development. From 2021 to 2023, the company launched nine electric vehicle models, expanding its presence in Thailand and ASEAN.
“This is Great Wall Motor’s next chapter in Thailand after the company entered the Thai market three years ago,” Narong revealed.
The company’s combined vehicle sales in Thailand and overseas totalled 1.4 million units.
Great Wall Motor is participating in the government’s electric vehicle incentive package, known as EV3.0, which offered tax cuts and subsidies to encourage the consumption and production of electric vehicles between 2022 and 2023. Participating companies must start producing electric vehicles in Thailand in 2024.
The Rayong plant has a capacity of 120,000 cars per year. Initially, the company aims to produce 80,000 cars a year, said Amnat Saenjan, vice president of production at Great Wall Motor.
“We will produce electric vehicles, including Ora Good Cat, in line with our EV3.0 aspiration. We plan to produce 8,000 vehicles in the Ora Good Cat category this year,” Amnath revealed.
The Rayong plant will produce three sub-models of Ora Good Cat: Pro, Ultra and GT,” Amnath added, explaining that the locally manufactured cars are ready to be delivered to customers as early as this month. Prices of electric cars produced in Thailand are 100,000 baht cheaper than those imported from China.
The company also plans to participate in the second phase of the government’s electric vehicle incentive package called EV3.5, which runs from 2024 to 27. The scheme requires participants to start producing electric vehicles domestically in 2026.
Industry Minister Pimphattra Vichaikul, who visited the Great Wall Motor plant at its inauguration, said the government will continue to support manufacturers of internal combustion engine vehicles and also promote the growth of the electric vehicle industry.
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