BOI confirms that KIA is still considering investment plans in Thailand. Kia Sales (Thailand) is all set to officially launch this January.
19 Jan 2024 – Board of Investment (BOI) news release At the time of news of Kia Corporation's decision not to invest in Thailand, the BOI would like clarification from Kia. It is also focusing on the Thai market, continuing to negotiate and working closely with the Thai government. Kia Sales (Thailand) Company Limited will be officially launched at the end of January. To take care of marketing, sales and after sales service. This will be an extension of future investments.
In the past, BOI has taken several issues to improve the EV industry environment such as EV subsidy measure or EV 3.5 extension, announcing measures to improve the auto industry. From November 2023, it provides benefits to the manufacturers of Internal Combustion Vehicles (ICE) as they prepare to develop new energy vehicles in the future. This is in line with the company's production plan, in addition to boosting the production of EVs by previously announced car manufacturers.
In addition, BOI is in the process of working with relevant agencies. To support the acceleration of negotiations for the Thai-European Union FTA, an important automobile export market. Acceleration of clean energy procurement mechanism (Utility Green Tariff: UGT) and measures to reduce impact on investors from charging taxes as per Universal Minimum Tariff or Pillar 2 principles. market
“Avid gamer. Social media geek. Proud troublemaker. Thinker. Travel fan. Problem solver.”