Thailand has secured more than USD4.1 billion in investment commitments across 198 electric vehicle (EV) supply chain projects, further strengthening its position as Southeast Asia’s leading automotive manufacturing hub. According to the Thailand Board of Investment (BOI), the investments cover battery electric vehicles (BEVs), hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), battery production, critical components and EV charging infrastructure, supporting the country’s long-term transition to electrified mobility.
The investment programme reflects Thailand’s strategy of developing a diversified EV ecosystem across multiple propulsion technologies rather than focusing solely on battery-electric vehicles. Of the total investment pipeline, BEV manufacturing accounts for USD1.18 billion across 18 projects, creating annual production capacity exceeding 370,000 vehicles.