BOI: Building a Complete and Strong Local Supply Chain is the Key to the Electric Vehicle Industry

On April 3, The Thailand Board of Investment (BOI) collaborated with MG Cars, Thailand Industrial Park Management Authority, Thailand Subcontracting Promotion Association, and Standard Chartered Bank (Thailand) Ltd. to host the "MG Supplier Day" event at the Rama Garden Hotel in Bangkok.

The event attracted more than 450 participants from 218 local parts suppliers, with 134 of them engaging in business negotiations covering more than 40 different types of parts such as body parts, power systems, interiors, wiring harnesses, metal and plastic parts, etc.

Mr. Naris Teerathadaisakul, Secretary-General of the BOI, stated that building a complete and strong local supply chain is the key to the sustainable development of Thailand's electric vehicle industry. The BOI has always been committed to promoting the connection between local suppliers and international car companies, helping local suppliers improve their technical and quality levels, and enhancing their international competitiveness.

BOI invested in a total of 103 projects related to the development of the electric vehicle business, including electric vehicle production, battery production, and important components, as well as charging station services, with a total investment of 77.192 billion Thai baht. In order to promote the development of domestic component manufacturers in Thailand, BOI has cooperated with many car companies such as BYD, NETA, and BMW to hold procurement day events, and plans to hold this event with Changan, GAC-Aion, Great Wall Motor, and other companies in the future.