Table 1.

BOI’s promoted projects on ZEVs and ZEVs’ parts and components

Item (production capacity)No. of projectsInvestment (million US$)Promoted firms
HEVs (305,955 cars)6832.2GWM, Honda, MG, Mitsubishi, Nissan, Toyota
PHEVs (132,000 cars)7257.2BMW, BYD, GWM, Mercedes Benz, MG, Mitsubishi, Toyota
BEVs (276,640 cars)14935.3BYD, FOMM, GWM, Honda, Horizon, Mazda, Mercedes Benz, MG, Mine Mobility, Mitsubishi, Nissan, Skywell, Takano, Toyota
Battery electric bus (4,000 cars)259.9Absolute Assembly, Sakun.C
Battery for EVs21260.8DTS, Draexlmaier, Toyota, Honda, Nissan, TESM, SAIC, MMTH, GWM, BYD, Mine Mobility, STRON
EV parts and components17164.7Delta, Jatco, Pioneer Motor, Nidic Dräxlmaier, Elite Group, Lumen, BYD, MCCT, Valeo

Notes:

Investment values excluding cost of land and working capital

36.32 Baht = 1 USD (as of May 19/2024)

Source: The Board of Investment of Thailand (as of July 2023)

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