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Thai EV output set to jump, sparking a price war in a bruised market

Thai EV output set to jump, sparking a price war in a bruised market

FILE PHOTO: Workers check the EV cars inside BYD's first electric vehicle (EV) factory in Southeast Asia, a fast-growing regional EV market where it has become the dominant player, in Rayong, Thailand, July 4, 2024. REUTERS/Chalinee Thirasupa/File Photo

Thailand is bracing for an extended EV price war triggered by a surge in local production from Chinese carmakers, a move likely to deal a further blow to a domestic auto industry already struggling with tumbling sales, industry experts said.

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