Electric vehicle giant Tesla: Global strategy adjustment, investment prospects in Thailand uncertain
AshleyAug 14, 2024, 10:48 AM
According to a spokesperson for the Thai government, Tesla's investment plan in Thailand is still unclear. Despite the Thai government's active promotion of Tesla's investment locally and some progress, the future of this plan has become elusive due to adjustments in Tesla's global investment strategy and increasing market competition.
Tesla has stated that it is reassessing its investment plans globally to meet the challenges of slowing sales growth and increasing competition. The company will focus on production at existing factories, and has temporarily postponed investment in new factories in Mexico and India.
The Thai government had high hopes for Tesla's arrival. Thai Prime Minister Srettha Thavisin personally visited and met with Tesla CEO Musk, and invited Tesla executives to visit Thailand's industrial parks. However, recent media reports suggest that Tesla may abandon its investment plans in Thailand and Malaysia and only consider building electric vehicle charging stations in Thailand.
In response, the Thai government said that it has not yet received an official notice from Tesla and is still waiting for further news. Tesla also said that it is in talks with the Thai government team about the business plan.
Changes in Tesla's investment plan in Thailand reflect the complexity of the global electric vehicle market competition. On the one hand, the Thai government actively provides investment convenience for Tesla, hoping to promote the development of Thailand's electric vehicle industry with the help of Tesla's brand effect. On the other hand, Tesla is also adjusting according to market conditions and its own strategy.
If any infringement occurs, please contact us for deletion
Trending News
Proton e.MAS 7 OTA upgrades to Flyme Auto 1.2.0, completing the Android Auto interconnection ecosystem
Proton has officially released the Flyme Auto 1.2.0 version OTA update for e.MAS 7 users. The core of this upgrade is the addition of support for Android Auto, offering both wired and wireless connection options. Combined with the previously integrated Apple CarPlay feature, it achieves full coverage of the two major smartphone ecosystems, Android and Apple. This marks a step towards perfecting the smart cockpit experience of the e.MAS 7 all-electric SUV and is also a key milestone in Proton's phased software iteration plan.
2026 New Proton S70 Upgrades from Three-cylinder to Four-cylinder, Significantly More Powerful!
Proton's 2026 S70 to be launched before Lunar New Year, with a key upgrade to a 1.5-liter four-cylinder turbocharged engine replacing the three-cylinder model, improving power smoothness, maintaining spaciousness, with the infotainment system and driver assistance possibly adapted to local road conditions, offering practical improvements tailored to the needs of Malaysian and Thai family users, aiding car purchase decisions.
In 2026, Should I Buy a Proton X50 or a Perodua Traz? Can the RM 6,000 Rebate Offset the Traz's Space Advantage?
Recently, one of the most frequently asked questions in the Malaysian market is: So, should you go for the Proton X50, which offers stronger performance and a greater sense of technology, or the Perodua Traz, which provides more space and is more budget-friendly? Especially considering the X50 has discounts of up to around RM 6,000, how significant is the price difference left to weigh? This article provides an objective analysis from the perspective of daily usage.
Toyota Estima to return in 2026?
Since it was discontinued in 2019, news about the return of the Toyota Estima to the market has never stopped. Although Toyota has not yet released any official announcements regarding mass-production vehicles, the related information does not come from scattered rumors but originates from continuous revelations by Japanese automotive media.
Donut Lab Announces Mass-Produced All-Solid-State Battery, Claims 5-Minute Full Charge
All-Solid-State Battery, which has long remained in the laboratory and concept stages, is now approaching a true commercialization milestone. Donut Lab announced that its All-Solid-State Battery is ready for mass production and will be first equipped on the Verge TS Pro electric motorcycle.
Popular Cars
Model Year
Car Compare
Car Photo