Electric vehicles produced by the American manufacturer Tesla. (TSLA) – Get a free report They have circled many areas around the world, but the Elon Musk-led firm is looking for fresher, greener pastures to plant its flag.
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Thai Prime Minister Srettha Thavisin said on December 7 that he showed Tesla executives some industrial estates in Thailand last week for possible investments.
The prime minister said he was confident Tesla would invest in Thailand and emphasized his personal involvement in the meeting.
“I tried my best to entertain them so that they would fall in love with Thailand…they are looking for 2,000 rai (320 hectares) of land,” Srettha said.
This is not the first time that Prime Minister Srettha has met with people from Tesla. After becoming prime minister in August, he held a meeting with Tesla CEO Elon Musk.
The Southeast Asian county is the region's largest automobile producer and exporter. Japanese manufacturers Toyota and Honda have large facilities in Thailand, producing cars both for the Thai market and for export to other Southeast Asian nations and beyond.
Thailand currently aims to convert around a third of the 2.5 million vehicles it makes to electric vehicles by the end of this decade and will introduce incentives to encourage its local industry to achieve its goal.
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Electric vehicles are becoming popular in Thailand; half of all electric vehicle sales in Southeast Asia in the second quarter of 2023 they are inside the countrywhich are driven by a government subsidy that provides up to 150,000 baht (~$4,225) per car.
tesla (TSLA) – Get a free report It currently sells its Model 3, Model Y compact crossover SUV in Thailand and is also accepting reservations for the Cybertruck in the Southeast Asian nation.
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