Post by account_disabled on Dec 11, 2023 22:07:30 GMT -6
Bangkok, October 26, 2023 - WHA Industrial Development Public Company Limited, a subsidiary of WHA Group, announced the signing of a major land purchase agreement with Chang Company. An Auto Southeast Asia Co., Ltd., one of China's 4 leading automotive groups, occupies 250 rai in WHA Eastern Seaboard Industrial Estate 4 of WHA Group in the Special Development Zone area. Eastern Region (EEC) to build a production plant for electric vehicles. This is considered an important foreign direct investment of 2023, reflecting Thailand's outstanding potential and integration in investment promotion. and management standards WHA Group's Smart ECO Industrial Estate is well equipped with public utility systems and environmental management.
Mr. Shen Xinghua, Managing Director of Chang'an Auto Southeast Asia Co., Ltd. and Managing Director and Chairman of the Board of Chang'an Auto Sales (Thailand) Co., Ltd., said, “Chang'an Auto South East Asia is pleased to have signed a land purchase agreement in WHA Industrial Estate. Eastern Seaboard 4, under support from BOI, invests Email Data in setting up an electric vehicle production plant in Thailand. This is an important reason for making this big investment decision. Because Thailand and WHA Industrial Estate Eastern Seaboard 4 is the perfect choice. With the location and reputation of WHA Group as a leading industrial estate developer in the region which WHA Industrial Estate Eastern Seaboard 4 has what we were looking for. Both the outstanding location in the EEC's target industrial promotion zone area Quality human resources World class utilities and services Including high quality transportation and infrastructure.
In addition, WHA Group also plays an important role in expanding the automotive cluster in the EEC. These are all important factors for Chang'an Auto Southeast Asia's investment. We plan to use over 8,862 million baht to invest in the first phase to set up a production base for right-hand drive cars, including BEV, PHEV, REEV (Range Extended EV) for sale in Thailand and export to the ASEAN region, Australia, New Zealand, England and South Africa. With a production capacity of 100,000 cars per year, including the establishment of a factory to produce electric vehicle batteries. It is expected to start producing cars in 2025. We also see the potential of Thailand beyond just being a production base. Therefore, there are plans to establish an automobile research and development center in Thailand in the next phase as well.
Mr. Shen Xinghua, Managing Director of Chang'an Auto Southeast Asia Co., Ltd. and Managing Director and Chairman of the Board of Chang'an Auto Sales (Thailand) Co., Ltd., said, “Chang'an Auto South East Asia is pleased to have signed a land purchase agreement in WHA Industrial Estate. Eastern Seaboard 4, under support from BOI, invests Email Data in setting up an electric vehicle production plant in Thailand. This is an important reason for making this big investment decision. Because Thailand and WHA Industrial Estate Eastern Seaboard 4 is the perfect choice. With the location and reputation of WHA Group as a leading industrial estate developer in the region which WHA Industrial Estate Eastern Seaboard 4 has what we were looking for. Both the outstanding location in the EEC's target industrial promotion zone area Quality human resources World class utilities and services Including high quality transportation and infrastructure.
In addition, WHA Group also plays an important role in expanding the automotive cluster in the EEC. These are all important factors for Chang'an Auto Southeast Asia's investment. We plan to use over 8,862 million baht to invest in the first phase to set up a production base for right-hand drive cars, including BEV, PHEV, REEV (Range Extended EV) for sale in Thailand and export to the ASEAN region, Australia, New Zealand, England and South Africa. With a production capacity of 100,000 cars per year, including the establishment of a factory to produce electric vehicle batteries. It is expected to start producing cars in 2025. We also see the potential of Thailand beyond just being a production base. Therefore, there are plans to establish an automobile research and development center in Thailand in the next phase as well.