Changan gets green light for NEV factory in Thailand
Chinese carmaker Changan has signed contracts with Thai authorities for its plant there. The production facility for electric and hybrid cars, announced in April, will be Changan’s first plant for right-hand drive vehicles outside China.
The manufacturer will invest 8.8 billion baht (currently around 240 million dollars) in the production facility, initially designed to produce 100,000 New Energy Vehicles. In the second phase, annual capacity will double to 200,000 vehicles.
The carmaker first announced its plans for a Thai factory in April. There is no information on the schedule and the vehicles yet.
The electric and hybrid cars from the Changan plant in Thailand will be sold in the country and exported to other markets such as Australia, New Zealand, Great Britain and South Africa.
Changan is China’s fourth-largest carmaker, with over two million vehicles sold in 2022, but is still heavily entrenched in the internal combustion world. Since Changan has hardly appeared in Europe so far – apart from the IAA 2011 in Frankfurt – the company is relatively unknown there.
However, according to Chinese media, the manufacturer sells its vehicles in more than 60 countries, most of them part of the Belt and Road Initiative, a massive China-led infrastructure project. Moreover, it plans to invest more than 10 billion dollars in overseas markets by 2030.