China’s Chery Automobile to set up Thailand plant, Thai official says

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PARTNERSHIPS ReutersChina's Chery Automobile to set up Thailand plant, Thai official saysApr 22, 2024 at 2:45 am GMTChina's Chery Automobile to set up Thailand plant, Thai official saysBANGKOK, April 22 (Reuters) -China's Chery Automobile will set up a manufacturing facility in Thailand, with production to begin in 2025, the Thai Board of Investment said on Monday.The facility is forecast to produce 50,000 electric and hybrid vehicles in the first phase within 2025, and increase production to 80,000 vehicles by 2028. Reporting by Chayut Setboonsarng and Orathai Sriring, Edited by John MairDisclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. 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