In the EV future, Thailand, the 'Detroit of Asia,' could be a key China hedge for automakers
Publishing timestamp: 2024-05-12 10:08:34
Summary
The U.S. government is considering tariffs on Chinese EVs to limit their entry into the U.S. market. Tesla is facing challenges in the EV market and is exploring opportunities in Thailand to reduce its dependence on China. Thailand is offering incentives to attract EV manufacturers, and Tesla is considering the country as a potential manufacturing hub. However, Tesla faces fierce competition from Chinese EV makers and needs to introduce more affordable models to compete effectively in the Asian market.
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Keywords: trade, alternative and sustainable energy, business news, tesla inc, autos, electric vehicle manufacturing, thailand, climate, electric vehicles, asia economy, world economy,