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flag Thai government approves $1 billion EV battery plant investment by Chinese firm, creating 1,000 jobs.

flag Thailand's Investment Board has approved a $1 billion investment from Chinese company Sunwoda Electronic to build an electric vehicle battery plant. flag The facility will create 1,000 jobs and produce lithium-ion battery cells for EVs. flag Despite a 10% drop in auto output last year, the Thai government is promoting the sector's electrification with tax incentives and credit guarantees. flag Sunwoda's project aims to strengthen Thailand's EV supply chain and boost competitiveness in the region.

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