China's intense EV rivalry tests Thailand's local production goals
Business
Under a government incentive programme meant to boost electric vehicle production in Thailand, carmakers are exempt from import duties, but are obligated to match import volumes with domestic production. BANGKOK: Hyper-competition in China's electric vehicle sector is spilling over to its biggest market in Asia, Thailand, as smaller players struggle to compete with dominant BYD, putting ambitious local production plans at risk. Neta, among the earliest Chinese EV brands to enter Thailand in
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