Bangkok, The automotive group expects EV 3.5, supporting confidence in Thailand as a continuous production base. Car sales in Nov. 2023 continue to decline due to banks controlling credit.
Mr. Suraphong Paisitpattanaphong, Vice President and Spokesman of the Automotive Industry Group The Federation of Thai Industries (F.T.I.) revealed that from the latest the Cabinet (Cabinet) resolved to approve measures to support the use of electric vehicles, Phase 2 (EV 3.5) over the next 4 years (67-70). ) is to help build confidence among investors. This makes Thailand a center for EV production in ASEAN, while also being an important production base for combustion vehicles in the world.
Some EV models are now cheaper than some combustion vehicles. And from the Prime Minister went to talk and invite many major car manufacturers. It's a happy thing. that will see big investment coming into Thailand which once the investment has occurred It will help create jobs, create income, and bring the country out of poverty line in 2029.
As for vehicle production in November 2023, it was 163,337 units, a decrease of 14.10% from the same month of the previous year. Because the production base increased from receiving more semiconductor parts. After being affected by the factory stopping production due to the outbreak of COVID-19 Sales were at 61,621 vehicles, a decrease of 9.76%. Pickup truck sales decreased by 38.8% as a result of banks' strict approval of loans. Because household debt is at a high level
For the first 11 months of this year (Jan.-Nov. 2023), there were a total of 707,454 cars sold, a decrease of 7.71% from the same period of 2022. Total exports of finished cars in Nov. 2023 were 99,609 vehicles, an increase of 13.22% from the same month last year. and the export value was 89,290 million baht, an increase of 13.87% from the same month last year.
Meanwhile, the number of cars produced during the first 11 months of this year (Jan.-Nov.) totaled 1,708,042 cars, a decrease of 0.98% from the same period last year. Exports were 1,027,234 cars, an increase of 15.59. % from the same period last year and the export value was 888,455 million baht, an increase of 10.25% from the same period last year.
Mr. Suraphong expects that this year's exports will probably surpass the target of 1.05 million cars to touch 1.1 million cars, while in 2024 there is a chance it will be at a level similar to this year.
Source: Thai News Agency