Thailand BOI Approves US6.2 Billion in Investments, Including Foxconn-PTT's EV Venture, and Improved Battery, Smart Zones Incentives
BANGKOK, June 13, 2022 /PRNewswire/ -- The Thailand Board of Investment (BOI) at a meeting today approved a combined 209.5 billion baht (US 6.2 billion) worth of investment applications in manufacturing and infrastructure projects, including 36.1 billion baht by Horizon Plus Co., Ltd., a joint venture between Taiwan's Foxconn and Thailand's PTT PCL, to make battery electric vehicles (BEV), and approved enhanced benefits for investment in battery production, building up on the policy to become Southeast Asia's EV manufacturing hub. The board also approved a set of improved incentive...
Source: singaporestar.com
