Tue, April 22, 2025
Mon, April 21, 2025
Sun, April 20, 2025
Sat, April 19, 2025
Fri, April 18, 2025
Thu, April 17, 2025
Wed, April 16, 2025
Tue, April 15, 2025
Sun, April 13, 2025
Fri, April 11, 2025
Thu, April 10, 2025
Wed, April 9, 2025
Tue, April 8, 2025
Mon, April 7, 2025
Sun, April 6, 2025
Sat, April 5, 2025
Fri, April 4, 2025
[ Fri, Apr 04th ]: Entrepreneur
Automotive Used Parts
[ Fri, Apr 04th ]: LAist
Teens in the backseat
Sun, March 30, 2025
Sat, March 29, 2025
Fri, March 28, 2025
Thu, March 27, 2025
Wed, March 26, 2025
Tue, March 25, 2025
Mon, March 24, 2025
Sat, March 22, 2025
Fri, March 21, 2025
Thu, March 20, 2025
Wed, March 19, 2025
Tue, March 18, 2025
Mon, March 17, 2025
Sun, March 16, 2025
Sat, March 15, 2025
Fri, March 14, 2025
Thu, March 13, 2025
Wed, March 12, 2025

Thailand's auto industry shows signs of recovery amid slump, executives say

  Copy link into your clipboard //automotive-transportation.news-articles.net/co .. signs-of-recovery-amid-slump-executives-say.html
  Print publication without navigation Published in Automotive and Transportation on by Reuters
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
  Thailand's auto sector faces a slow and painful recovery from a prolonged slump even with government support, three executives and an industry group said at the country's main motor show, ringed by discount posters and promotional campaigns.

Thailand's automotive industry is showing signs of recovery despite a recent slump, according to industry executives. The Federation of Thai Industries (FTI) reported a significant drop in car production and sales in the first half of the year, with domestic sales falling by 4.9% and production decreasing by 16.8%. However, there are positive indicators for the future, including a recovery in consumer confidence, an increase in electric vehicle (EV) production, and government incentives aimed at boosting EV adoption. Notably, Chinese EV manufacturers like BYD and Great Wall Motor are investing in Thailand, with BYD planning to produce 150,000 EVs annually. Additionally, the government's EV3.5 package offers subsidies and tax incentives to promote EV sales, which are expected to help revitalize the sector. Despite these advancements, challenges remain, such as high household debt and economic recovery from the impacts of the global health crisis.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/money/other/thailand-s-auto-industry-shows-signs-of-recovery-amid-slump-executives-say/ar-AA1BBEBq ]