{"id":2158,"date":"2024-08-17T12:42:10","date_gmt":"2024-08-17T05:42:10","guid":{"rendered":"https:\/\/thereporter.asia\/eng\/?p=2158"},"modified":"2024-08-17T12:42:10","modified_gmt":"2024-08-17T05:42:10","slug":"hyundai-invests-ev-production-thailand","status":"publish","type":"post","link":"https:\/\/thereporter.asia\/eng\/2024\/08\/hyundai-invests-ev-production-thailand\/","title":{"rendered":"Hyundai Invests 1 Billion Baht to Establish EV Production in Thailand"},"content":{"rendered":"<p data-sourcepos=\"5:1-5:195\"><strong>Bangkok<\/strong> &#8211; <a href=\"https:\/\/www.hyundai.com\/th\/en\">Hyundai Mobility Manufacturing (Thailand)<\/a> announces a major investment of 1 billion baht to produce IONIQ electric vehicles and batteries in Thailand, following the green light from the Board of Investment (BOI) under the EV3.5 electric vehicle promotion policy.<\/p>\n<ul>\n<li data-sourcepos=\"5:1-5:195\">&#8211; <a href=\"https:\/\/thereporter.asia\/eng\/2024\/08\/byd-sealion-6-dm-i-phev-thailand\/\">BYD SEALION 6 DM-i PHEV Launched in Thailand at \u0e3f939,900<\/a><\/li>\n<li data-sourcepos=\"5:1-5:195\">&#8211; <a href=\"https:\/\/thereporter.asia\/eng\/2024\/08\/ford-thailand-celebrates-28th-anniversary\/\">Ford Thailand Celebrates 28th Anniversary, Revs Up for Second-Half Growth<\/a><\/li>\n<\/ul>\n<p data-sourcepos=\"9:1-9:7\">Mr. Jae Kew Jeong, CEO of Hyundai Mobility Manufacturing (Thailand), confidently stated, &#8220;We have confidence in Thailand&#8217;s potential and have designated it as one of Hyundai&#8217;s strategic locations in Southeast Asia.&#8221;<\/p>\n<p data-sourcepos=\"11:1-11:144\">The BOI&#8217;s approval reinforces Hyundai&#8217;s confidence in Thailand and is a positive response to the government&#8217;s electric vehicle promotion policy.<\/p>\n<h3 data-sourcepos=\"13:1-13:63\"><strong>&#8220;Building the Foundation for Electric Vehicles in Thailand&#8221;<\/strong><\/h3>\n<p data-sourcepos=\"15:1-15:181\">Mr. Jeong emphasized the significance of this investment, stating, &#8220;This marks another important milestone for Hyundai in building the foundation for electric vehicles in Thailand.&#8221;<\/p>\n<p data-sourcepos=\"17:1-17:240\">Hyundai Mobility Manufacturing (Thailand) believes that this investment will accelerate the transition to the electric vehicle era in Thailand, while offering consumers more choices with high-quality electric vehicles produced domestically.<\/p>\n<h3 data-sourcepos=\"19:1-19:41\"><strong>&#8220;Collaboration is the Key to Success&#8221;<\/strong><\/h3>\n<p data-sourcepos=\"21:1-21:49\">This project is a result of collaboration between Hyundai Mobility Manufacturing (Thailand) and a leading automobile assembly plant in the country, with the goal of starting production in early 2026.<\/p>\n<p data-sourcepos=\"23:1-23:146\">Furthermore, the company is collaborating with the BOI to integrate Thai parts manufacturers into the automotive supply chain as much as possible.<\/p>\n<h3 data-sourcepos=\"25:1-25:26\"><strong>&#8220;A Sustainable Future&#8221;<\/strong><\/h3>\n<p data-sourcepos=\"27:1-27:136\">This investment aligns with Hyundai&#8217;s vision of &#8220;Progress for Humanity,&#8221; aiming to reduce pollution on the roads and create cleaner air.<\/p>\n<p data-sourcepos=\"29:1-29:196\">Hyundai Mobility Manufacturing (Thailand) is currently in the process of applying for approval to participate in the EV3.5 program and will reveal further details about this project in the future.<\/p>\n<p data-sourcepos=\"31:1-31:13\"><strong>#Hyundai #IONIQ #ElectricVehicle #EV3.5 #InvestinThailand #AutomotiveFuture<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bangkok &#8211; Hyundai Mobility Manufacturing (Thailand) announces a major investment of 1 billion baht to produce IONIQ electric vehicles and batteries in Thailand, following the green light from the Board of Investment (BOI) under the EV3.5 electric vehicle promotion policy&#8230;. <\/p>\n","protected":false},"author":1,"featured_media":2159,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[2090,1628,2088,2086,2089,2087],"class_list":["post-2158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ev","tag-automotivefuture","tag-electricvehicle","tag-ev3-5","tag-hyundai","tag-investinthailand","tag-ioniq"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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