GST, HVGT, could resurface as part of Budget 2025 alongside RON95 rationalisation, says RHB analyst. Are we ready?
Home News Auto News Toyota Set To Make Biggest Ever Investment In Thailand Toyota Set To Make Biggest Ever Investment In Thailand Auto News Arvind | April 27, 2017 09:45 am Japanese automotive giant Toyota is mulling its biggest investment outlay in Thailand, which could make the country the next regional development and production centre for Toyota’s compact car range.During a meeting between Thailand’s Deputy Prime Minister, Somkid Jatusripitak and managing officer of Toyota Motors, Shinya Kotera, Kotera explained that Toyota have chosen Thailand as its next global compact car export hub, under the company’s “emerging market compact car company" scheme, the Bangkok Post Reports.The scheme will reportedly be developed by Toyota in partnership with its fully owned subsidiary Daihatsu Motors.Under the scheme, Toyota will expand its investment – geared towards compact car production in tandem with pickup trucks and hybrid production to develop the economies of scale for electric vehicles (EV) and EV battery technology in the near future. The investment outlay will also help train human capital on new automotive and hybrid technologies. The decision on the investments is likely to be reached by Toyota’s board when it convenes in May – according to Mr Somkid.Separately, The Bangkok Post also reports, vice-chairman of Toyota Motor Thailand, Ninnart Chaitharapinyo added that the company has already discussed terms of the investment package with the parent company and is currently waiting on a decision. Related Articles Thai Government’s Eco-Car Scheme Will Merge With Latest EV Incentives Auto News February 11, 2019 Toyota Doubles Down On Thailand With 10 Billion Baht More Auto News February 26, 2019 BMW Will Start Producing EV Batteries In Thailand In July Auto News November 06, 2020 He also confirmed that Toyota Thailand is ready to move into Hybrid Electric Vehicles (HEV) production. Toyota’s Thai production expansion will likely focus on HEVs as Plug-In hybrids (PHEV) and EVs require more advanced technology.Mr Ninnart said that Toyota plan on implementing hybrid technology as a common platform to develop other technologies such as EVs and fuel-cell vehicles – but Toyota want to predict which future technology will get the best response from potential customers. To this effect, Toyota Thailand are currently conducting feasibility studies on establishing its own facility to support Toyota’s HEV production.However, Mr Ninnart said that Toyota would prefer to supply cheaper Nickel-Metal Hydride (Ni-Mh) batteries instead of the Lithium Ion batteries which are growing in popularity.The global success of HEVs and the Thai government’s recent introduction of lucrative tax schemes have proven effective in luring large scale investments from companies such as Toyota and BMW. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags EV HEV PHEV tax incentives thailand Toyota toyota thailand manufacturing hub Print Related News Thai Government’s Eco-Car Scheme Will Merge With Latest EV Incentives Auto News Arvind | February 11, 2019 The Thai’s government’s recent introduction of EV vehicle incentives will not clash with the ongoing, state-supported Eco-Car project as the two can ... Toyota Doubles Down On Thailand With 10 Billion Baht More Auto News Aswan | February 26, 2019 It's more Board of Investment (BoI) news from up north. Toyota Motor Thailand has announced that they've submitted yet another plan to Thailand's ... BMW Will Start Producing EV Batteries In Thailand In July Auto News Aswan | November 06, 2020 Our neighbours up north are really taking off and embracing the coming wave of electrified vehicles, with great government policies that make it ... Toyota Motor Thailand Submits EV And Hybrid Investment Plans To BoI Auto News Aswan | February 11, 2019 If you think bureaucracy is something that Malaysia has a monopoly on, think again. We may bemoan the hoops that manufacturers have to jump through ... Comments
Toyota Set To Make Biggest Ever Investment In Thailand Auto News Arvind | April 27, 2017 09:45 am Japanese automotive giant Toyota is mulling its biggest investment outlay in Thailand, which could make the country the next regional development and production centre for Toyota’s compact car range.During a meeting between Thailand’s Deputy Prime Minister, Somkid Jatusripitak and managing officer of Toyota Motors, Shinya Kotera, Kotera explained that Toyota have chosen Thailand as its next global compact car export hub, under the company’s “emerging market compact car company" scheme, the Bangkok Post Reports.The scheme will reportedly be developed by Toyota in partnership with its fully owned subsidiary Daihatsu Motors.Under the scheme, Toyota will expand its investment – geared towards compact car production in tandem with pickup trucks and hybrid production to develop the economies of scale for electric vehicles (EV) and EV battery technology in the near future. The investment outlay will also help train human capital on new automotive and hybrid technologies. The decision on the investments is likely to be reached by Toyota’s board when it convenes in May – according to Mr Somkid.Separately, The Bangkok Post also reports, vice-chairman of Toyota Motor Thailand, Ninnart Chaitharapinyo added that the company has already discussed terms of the investment package with the parent company and is currently waiting on a decision. Related Articles Thai Government’s Eco-Car Scheme Will Merge With Latest EV Incentives Auto News February 11, 2019 Toyota Doubles Down On Thailand With 10 Billion Baht More Auto News February 26, 2019 BMW Will Start Producing EV Batteries In Thailand In July Auto News November 06, 2020 He also confirmed that Toyota Thailand is ready to move into Hybrid Electric Vehicles (HEV) production. Toyota’s Thai production expansion will likely focus on HEVs as Plug-In hybrids (PHEV) and EVs require more advanced technology.Mr Ninnart said that Toyota plan on implementing hybrid technology as a common platform to develop other technologies such as EVs and fuel-cell vehicles – but Toyota want to predict which future technology will get the best response from potential customers. To this effect, Toyota Thailand are currently conducting feasibility studies on establishing its own facility to support Toyota’s HEV production.However, Mr Ninnart said that Toyota would prefer to supply cheaper Nickel-Metal Hydride (Ni-Mh) batteries instead of the Lithium Ion batteries which are growing in popularity.The global success of HEVs and the Thai government’s recent introduction of lucrative tax schemes have proven effective in luring large scale investments from companies such as Toyota and BMW. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags EV HEV PHEV tax incentives thailand Toyota toyota thailand manufacturing hub
Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price.
Thai Government’s Eco-Car Scheme Will Merge With Latest EV Incentives Auto News Arvind | February 11, 2019 The Thai’s government’s recent introduction of EV vehicle incentives will not clash with the ongoing, state-supported Eco-Car project as the two can ...
Toyota Doubles Down On Thailand With 10 Billion Baht More Auto News Aswan | February 26, 2019 It's more Board of Investment (BoI) news from up north. Toyota Motor Thailand has announced that they've submitted yet another plan to Thailand's ...
BMW Will Start Producing EV Batteries In Thailand In July Auto News Aswan | November 06, 2020 Our neighbours up north are really taking off and embracing the coming wave of electrified vehicles, with great government policies that make it ...
Toyota Motor Thailand Submits EV And Hybrid Investment Plans To BoI Auto News Aswan | February 11, 2019 If you think bureaucracy is something that Malaysia has a monopoly on, think again. We may bemoan the hoops that manufacturers have to jump through ...