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Thailand dedicates $970 million to further EV hub ambitions

Great Wall
An employee charges a Great Wall Motor Ora Good Cat electric vehicle at the company's Experience Center in the Iconsiam shopping mall in Bangkok, Thailand, on Jan. 18, 2023. (BLOOMBERG)
PT
By:
PATPICHA TANAKASEMPIPAT
B
By:
Bloomberg
|
December 21, 2023 03:01 AM

Thailand will allocate 34 billion baht ($970 million) through to 2027 to fund its ambition of becoming a major production hub for electric vehicles, renewing a flagship incentive program in the Southeast Asian nation.

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