Nissan may build electric vehicles in Thailand–in another decade

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BANGKOK, Oct 23 — Nissan President Hiroyuki Yoshimoto met Thai Industry Minister Chakramon Phasukavanich and discussed possible electric vehicle (EV) production in Thailand. The Nissan executive said the firm is Japan’s biggest EV maker.

The Nissan president acknowledged Thailand incentives for automotive production investment but said Nissan will wait until EV batteries are more efficient and affordable before considering EV production here. Mr Yoshimoto predicts it can happen in another decade.

EVs ares sold for about Bt1 million in Japan and its battery accounts for half the price.

Nissan considers Thailand as its important automotive base. Thailand is its first overseas production base and its production here has continued for 60 years.

With confidence, Nissan is expanding its eco-car production in Thailand.

Mr Chakramon said automotive sales in Thailand should rise next year as the Thai economy is likely to grow by 3.5-4 per cent due to the expected global economic recovery as well as drought that will raise the prices of Thai farm products.