To attract electric vehicle manufacturers into Thailand – the Thailand Board of Investment (BoI), is offering new packages and privileges. Qualified EV companies are now eligible from 5 to 8 years of exemption on corporate tax and import duties on machinery. In addition, manufacturers producing more than one key EV component may have an additional year of tax exemption per key component, capped to a maximum of 10 years.
BoI has already approved 754 investment projects during the first 6 months of 2018, including applications within the EV category which represent a value of investment greater than $600 million.
This includes Energy Mahanakhon Co’s project to build charging stations worth THB 1.09 billion, AutoAlliance Thailand’s (JV with Mazda and Ford) hybrid EV project worth THB 11.5 billion in Rayong as well as DTS Draxlmaier Automotive System Thailand that won a high-voltage battery production project worth THB 542 million in Chon Buri to serve BMW's plug-in hybrid EVs.
In addition, Energy Mahanakhon (a subsidiary of SET-listed Energy Absolute) plans to expand charging stations under the EA Anywhere brand nationwide.
BOI has also granted privileges to Japanese car makers - Toyota, Nissan, Honda and Mazda for hybrid EVs, while Mercedes-Benz, BMW and SAIC Motor-CP have been awarded privileges to build plug-in hybrid EVs.
At CMT’s
E-Mobility Asia on 25-26 April, 2019 in Bangkok, get more details in these two sessions:
‘Development of EV & E-Mobility in Thailand’s Automotive Sectors’ - Mr. Chokedee Kaewsang, Deputy Secretary General,
The Board of Investment of Thailand (BOI) and ‘Building EVs, Lithium-ion Batteries & Charging Network in Thailand’ - Mr. Thanapat Suksuthamwong, CEO,
EA Anywhere. Contact Huiyan at
huiyan@cmtsp.com.sg or call +65 6346 9113 for more details.
01 Apr, 2019
Toyota Motor and Panasonic are joining hands for a venture to manufacture batteries for electric vehicles.
Through its partnership with Panasonic, Toyota Motor aims to reduce battery costs. While Toyota holds a 51% stake in the joint venture, Panasonic will hold the remaining stakes. The two Japanese majors plan to start producing batteries for EVs in 2020.
Toyota and Panasonic plans to launch mass production of batteries with 50 times the capacity of those used currently in hybrid vehicles. They plan to cut down production costs by increasing volumes. The JV plans to supply batteries to Mazda Motor, Toyota subsidiary - Daihatsu Motor, as well as Subaru and Honda Motor.
Panasonic will shift five automotive battery production facilities in Japan and China to the new company. However, Panasonic’s US plant (in partnership with Tesla) is not included.
Toyota aims to roughly triple annual sales of electrified vehicles to 5.5 million by 2030. Panasonic is expected to benefit on investment costs and reach a broader network of customers through its partnership with Toyota.
Find out more from Toyota about its electric vehicle and battery manufacturing at
CMT’s E-Mobility Asia on 25-26 April, 2019 in Bangkok. Contact Huiyan at
huiyan@cmtsp.com.sg or call +65 6346 9113 for more details.
18 Mar, 2019
VinFast, an automotive manufacturer, plans to build electric vehicle charging stations across Vietnam. The company is a unit of Vietnam’s largest conglomerate - Vingroup. It has already signed an MoU with PetroVietnam Oil Corp (PV Oil), whereby it will deploy charging stations at 20,000 of PV Oil’s existing service stations in Vietnam by 2020.
VinFast aims to launch up to 50,000 charging stations across Vietnam by 2020 - which will help VinFast customers to charge their vehicles.
VinFast is also developing a $3.5-billion scooter and automobile complex in northern Vietnam, that will produce electric scooters. The company targets to manufacture 250,000 electric scooters a year alongside 250,000 cars, with further plans of manufacturing around 1 million units annually. It is also developing a battery powered electric vehicle in partnership with Germany’s EDAG Engineering.
Find out more about electric vehicle manufacturing in Asia at CMT’s E-Mobility Asia on 25-26 April, 2019 in Bangkok.
18 Jan, 2019
As demand for electric vehicles are expected to increase in Singapore, the country’s electricity and gas company SP Group plans a network of 1,000 electric vehicle (EV) chargers in Singapore by 2020. The EV chargers are expected to be 250 high-powered direct current (DC) with a power ratings up to 350kW. The chargers will be able to support EV models with large battery capacity and longer driving range.
SP Group said its chargers will be located at convenient locations such as shopping centres, residential areas, business parks and industrial sites as well as coffee shops and food outlets.
With Singapore running trials for electric taxis, EV chargers are expected to be in demand in the near future. Already, Volocopter has revealed plans to test air taxis in Singapore in the second half of 2019. Its drone technology based air taxi - eVtols can carry two passengers for a distance of up to 30km and can manoeuvre high rise buildings.
Singapore based land transport company ComfortDelGro has also run trials for two electric loniq taxis in Singapore in 2018. It used a DC fast charging station to charge the vehicles at Komoco Motors, a private local automotive company.
SP Group has further plans of extending its EV charging services to buses and other heavy-duty vehicles.
Get up-to-date information on EV charging infrastructure development at CMT’s E-Mobility Asia on 25-26 April, 2019 in Bangkok.
03 Dec, 2018
