China will establish a China Automotive Technology and Research Center (CATARC) in Thailand, the Thai government says. This is the center’s fourth such facility in the world.
Thai government tax incentives and subsidies have already drawn Chinese carmakers, including BYD and Great Wall Motor, which have committed to investing 1.44 billion US dollars in new production facilities in the country.
Thailand is Southeast Asia’s largest car producer and exporter, with Japanese manufacturers, including Toyota Motor Corp and Isuzu Motors, dominating the domestic market for decades.
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