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Thailand, a key link in the ‘China + One’ strategy for EV automakers
The "China Plus One" supply chain strategy is gaining momentum across industries due to geopolitical uncertainty and the ongoing U.S.-China trade dispute.
The “China Plus One” supply chain strategy is gaining momentum across industries due to geopolitical uncertainty and the ongoing U.S.-China trade dispute.
The “China plus one” strategy involves investors adding investment in another country to their core China operations to reduce costs, spread risks, and enter new markets. Thailand has historically been an important gateway to economic powerhouses like China and India, as well as rapidly growing countries in the Indochina and Greater Mekong subregion.
Thailand as a key link for Chinese EV automakers
The ‘China +1’ strategy has seen Thailand emerge as a key link for EV automakers, especially Chinese companies looking to expand their footprint in the region. With its robust automotive production capabilities, Thailand offers a compelling proposition for companies aiming to scale up their EV production. The country’s commitment to transitioning 30% of its auto production to EVs by 2030 has been a significant draw for investors.
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