The Board of Investment or BOI (Board of Investment) approved the promotion of investment in the production of battery electric vehicles or BEV (Battery Electric Vehicles), Investment Promotion Category No. 3.8, after 11 a.m. on September 24, 2023.
TDR broke the news “BREAKING INVESTMENT NEWS “A car manufacturer has obtained investment promotion approval for BEV/PHEV production from the Board of Investment.” The investment approval content of the mentioned manufacturer does not include the company name, so TDR further investigation was conducted and additional information was found. In addition to the unnamed companies that have already received an investment upgrade in the production of battery electric vehicles (BEV) and hybrid electric vehicles (PHEV),
Aion Automobile Manufacturing (Thailand) Co., Ltd. Or Aion Automobil, a company set up by GAC Aion in Thailand to produce electric vehicles in Thailand. It was also approved to encourage investment in the production of battery-powered electric cars.
This allows TDR to summarize the information as follows: On September 19, 2023, the Board of Investment or Investment Board approved the promotion of investment in electric vehicles for two companies: 1. Ion Automobile Manufacturing Company (Thailand) Co., Ltd. 2. The company – under construction –
According to this information, the companies that received the investment promotion are in the process of establishing companies with the Ministry of Commerce, so the names of the companies that received the promotion have not been determined directly. There is only a reference to the location of the company/factory in Rayong Province in the Eastern Economic Corridor or EEC (Eastern Economic Corridor) region.
Based on the information received and collected by TDR, there is currently only one new electric vehicle manufacturer that will invest in Thailand in 2023 and it is located in Rayong Province, which is Chang’an Auto South Co., Ltd. Ltd. Or Changan Auto, whose company registration is in WHA East Coast Industrial Park, Rayong Province, with registered capital of more than 4.099 million baht.
Last date: September 24, 2023, according to information from Trade and development report She revealed that AION Automobile has obtained investment promotion approval from BOI, and the factory is expected to be located in Rayong City.
Currently, the AION brand has no plans to reduce the prices of the cars. As reported by various media, GAC AION also has plans to invest in building an automobile assembly plant in Thailand. This is currently in the process of being processed. There are no plans to hire other companies to assemble the cars.
Currently, GAC AION has launched the GAC AION Y PLUS electric car, which has two models:
- Elite 490 km price 1,069,9000 baht
- Ultra 550 km price 1,299,9000 baht
Standard Range Plus FWD (Elite 490KM price 1,069,9000 baht)
- Permanent magnet synchronous electric motor
- Produces 204 horsepower
- Torque 225 Nm
- 63.2 kWh LFP battery
- It can go at 490 km/NEDC charge
Long Range plus FWD (Super 550km price 1,299,9000 baht)
- Permanent magnet synchronous electric motor
- Produces 204 horsepower
- Torque 225 Nm
- 68.3 kWh LFP battery
- It can go at 550 km/NEDC charge
- V2L external power supply system (550 Ultra model only)
7 body colors GAC AION Y Plus 490 – 550 km/NEDC charge, unlocked for sale in Thailand 1.06 – 1.29 million baht
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