Thailand has secured over $4.1 billion (approx. 137 billion baht) in investment pledges across its electric vehicle (EV) supply chain, solidifying its position as Southeast Asia’s primary automotive manufacturing hub as global carmakers realign their production networks toward clean energy.
According to newly released data from the Thailand Board of Investment (BOI), the capital injection spans 198 projects, covering the entire ecosystem, including battery electric vehicles BEVs), hybrid systems, battery manufacturing, critical components, and charging infrastructure.
The investment surge comes as global automakers diversify supply chains away from geopolitical hotspots and establish regional hubs in Southeast Asia.
Unlike regional competitors focusing solely on pure electric vehicles, Thailand’s policy framework supports a transition across all major propulsion technologies, including Hybrid Electric Vehicles (HEVs), Plug-in Hybrid Electric Vehicles (PHEVs), and BEVs.
“The transition to electric vehicles is both a global challenge and a massive opportunity,” said Mr. Narit Therdsteerasukdi, Secretary General of the Thailand Board of Investment (BOI) and Secretary of the National EV Policy Board, speaking at the International Electric Vehicle Technology Conference (iEVTech) in Bangkok. “We must choose to be builders, not just consumers. By supporting all technologies—hybrid, plug-in hybrid, and battery electric—we allow legacy players and new entrants to invest and grow together, elevating Thai suppliers into the global value chain.”
