Due to fierce competition in the industry, Tesla's competitiveness in the Southeast Asian market lags significantly behind that of Chinese manufacturers, so its plan to set up factories in Southeast Asia has been temporarily shelved.

Thailand's approval of a special tax reduction scheme for commercial electric trucks and buses and cash grants for eligible electric vehicle battery producers will stimulate demand and strengthen its position as a hub in Southeast Asia.

Thailand's BYD dealers plan to triple in two years as they seek to consolidate their dominance of the Thai market。

Thailand's state-owned oil giant PTT has begun producing lithium-ion electric vehicle batteries to build a supply chain for the NETA brand and capitalise on the country's growing market for new energy vehicles.

Thai coal mining company Banpu enters electric vehicle battery business and seeks partners for proposed nickel mining project in Indonesia。

According to media reports, Thai Prime Minister Seta Thawe said Tesla has expressed interest in building a factory in the country and is ready to invest more than $5 billion.。In an interview with the media, Setta revealed that Tesla's secondary management delegation, which oversees the investment plan, has now arrived in Thailand to examine the potential location of its new plant.。To showcase Thai culture and traditions, Seta took them to Chiang Mai for the Festival of Lantern。In addition to Thailand, Asia and India and Indonesia are expected to usher in Tesla factory。According to media reports recently, India is close to reaching an agreement with Tesla, the Indian government agreed to reduce import tariffs on electric vehicles, Tesla Motors is expected to enter the Indian market from next year, in exchange for Tesla will set up a factory in India within two years。

As domestic demand grows and foreign investors flood in, Thailand announces reduction of electric vehicle subsidies until 2027。

On May 31, according to people familiar with the matter, Geely Automobile is already in the early planning stage of entering the new energy vehicle market in Thailand and is currently considering models that want to be launched in the market and manufactured locally.。