Thailand has secured $4.1 billion in EV supply chain investment across 198 projects, driven by manufacturers from China, South Korea, Germany, and Japan. BEV and hybrid vehicle investments each totaled $1.18 billion, while batteries drew $1.00 billion. Charging infrastructure funding will support over 22,900 stations, including more than 10,000 high-speed DC fast chargers. In 2025, EVs represented over 40% of new vehicle registrations in Thailand. The investments have created more than 16,000 local jobs and enabled over 1,200 supplier matches through BOI-led Sourcing Days.
According to technode.global, Thailand has secured $4.1 billion in investment pledges across its electric vehicle supply chain — spanning 198 projects in battery electric vehicles (BEVs), hybrid systems, battery manufacturing, critical components, and charging infrastructure.
Geographic and Industrial Scope
The Thailand Board of Investment (BOI) confirmed the investments originate from manufacturers in China, South Korea, Germany, and Japan. These commitments are distributed across the full EV value chain, with BEV-related projects totaling $1.18 billion across 18 projects, establishing an annual domestic production capacity of over 370,000 units. Key entrants include BYD, SAIC Motor, Aion, Changan Auto, Omoda and Jaecoo, Hyundai Mobility, and Mercedes-Benz.
Segment Breakdown by Technology and Infrastructure
Hybrid vehicle investments also reached $1.18 billion across 14 projects, leveraging Japanese automakers’ established hybrid technologies. Battery and energy storage systems attracted $1.00 billion across 57 projects, enabling localized battery cell and pack manufacturing. Critical components—including drive motors, battery management systems, and power control units—drew $373 million across 49 projects. Charging infrastructure received $292 million across 42 projects, funding over 22,900 charging stations nationwide, including more than 10,000 high-speed DC fast chargers.
Market Adoption and Manufacturing Timeline
In 2025, electric vehicles accounted for over 40 percent of all new vehicle registrations in Thailand, with hybrid electric vehicles (HEVs) at 21.8 percent and battery electric vehicles (BEVs) at 19.6 percent. Mercedes-Benz pioneered local luxury BEV production in 2022. A wave of Chinese manufacturers—including BYD, Great Wall Motor, SAIC Motor, and Aion—followed in 2024. Changan Auto and EV Primus launched manufacturing operations in 2025, while Hyundai Mobility and Omoda and Jaecoo began production rollouts in 2026.
Economic and Ecosystem Impact
These manufacturing investments have generated more than 16,000 local jobs. The BOI has facilitated 18 Sourcing Day events, connecting more than 800 Thai parts manufacturers with multinational automakers and yielding over 1,200 business matches. According to the BOI, these partnerships are projected to generate over $1.79 billion in domestic procurement value and transition traditional tier-1 and tier-2 suppliers into the high-tech EV supply chain.
“Thailand’s strategy of supporting all propulsion technologies, including hybrid, plug-in hybrid, and battery electric, allows legacy players and new entrants to invest and grow together.” — Narit Therdsteerasukdi, Secretary General of the Thailand Board of Investment
Source: technode.global
Compiled from international media by the SCI.AI editorial team.
