Thailand, Indonesia to become new shining stars of EV business, says DIGITIMES Research
The EV supply chain in Southeast Asia has grown mature with Thailand and Indonesia becoming the major players in the ecosystem. With Thailand's subsidy policies helping boost local EV sales, many Chinese automakers including Great Wall Motor (GWM), SAIC Motor, and BYD are also planning to establish production lines in Thailand for making BEVs and should turn the country into a key EV market before 2030, according to DIGITIMES Research's study on Southeast Asia's EV industry.