Anutin's Chengdu Roadshow Eyes 70 Billion Baht Chinese Investment

Matichon•Politics•13h ago

Reader Briefing

Prime Minister Anutin Charnvirakul led a roadshow in Chengdu to attract investment from four major Chinese companies in the EV and high-tech sectors.

•Anutin Charnvirakul led a roadshow in Chengdu, China, to attract investment from four leading Chinese firms.
•Total expected investment in Thailand is 70,000 million baht, comprising 50,000 million baht in existing base expansions and 20,000 million baht in new investments.
•The Board of Investment (BOI) opened an office in Chengdu and organized business matching for Thai entrepreneurs on July 19.
•Investments focus on electric vehicles (EV), AI technology, and smart robotics.

Overview

•Anutin Charnvirakul led a Thai delegation to Chengdu, People's Republic of China, for a roadshow to attract investment.
•Ekniti Nitithanprapas stated that negotiations with four major Chinese companies are expected to bring 70,000 million baht into Thailand.
•Ekniti Nitithanprapas noted that geopolitical conflicts are accelerating the relocation of production bases from China to ASEAN, with Thailand as a primary target.
•The Board of Investment opened an office in Chengdu and conducted business matching activities on July 19.
•Changan Automobile chose Thailand as its first right-hand drive production base outside China, located in Rayong province, with a planned capacity of 200,000 units per year.
•InnoLight Technology plans to expand its production base in Thailand, creating over 20,000 jobs and collaborating with Thai engineers.
•Eoptolink Technology has opened its first factory in Rayong province and is expanding a second factory.
•The Thai government negotiated with Xiaomi Corporation to use Thailand as a production base for smart home appliances (IoT).

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Source: Matichon (Original)

Key Quotes

Ekniti Nitithanprapas

"This phenomenon is considered a new wave of investment comparable to the 1980s when Japanese capital flocked to establish production bases in the Eastern Seaboard."

ปรากฏการณ์ดังกล่าวถือเป็นคลื่นการลงทุนลูกใหม่ ที่สามารถเทียบชั้นได้กับยุคทศวรรษ 1980 ซึ่งกลุ่มทุนญี่ปุ่นแห่เข้ามาตั้งฐานการผลิตในพื้นที่อีสเทิร์นซีบอร์ดจนเกิดเป็นยุคโชติช่วงชัชวาล

Key Entities

Person

Anutin Charnvirakul(อนุทิน ชาญวีรกูล)ℹ️

The Prime Minister and Minister of Interior who led the roadshow in Chengdu.

Ekniti Nitithanprapas(เอกนิติ นิติทัณฑ์ประภาศ)ℹ️

The Deputy Prime Minister and Minister of Finance who disclosed the success of the Chengdu roadshow.

Organization

Board of Investment(บีโอไอ)

The organization that opened an office in Chengdu and organized business matching for Thai entrepreneurs.

International Monetary Fund(กองทุนการเงินระหว่างประเทศ)ℹ️

The organization that assessed Thailand as a rising global technology star.

Changan Automobile(ฉางอาน ออโตโมบิล)

A top-tier Chinese EV company establishing a right-hand drive production hub in Rayong province.

InnoLight Technology(อินโนไลท์ เทคโนโลยี)

The world's number one optical data transmission device company planning to expand production in Thailand.

Eoptolink Technology(อีออปตอลิงก์ เทคโนโลยี)

The world's second-largest company in the optical data transmission industry with factories in Rayong province.

Xiaomi Corporation(เสียวหมี่ คอร์ปอเรชัน)ℹ️

A technology giant and the third-largest smartphone market share holder in Thailand targeted for IoT production.

Place

Chengdu(เมืองเฉิงตู)ℹ️

The city in the People's Republic of China where the roadshow and BOI office opening took place.

People's Republic of China(สาธารณรัฐประชาชนจีน)ℹ️

The country where the roadshow was held.

Rayong Province(จังหวัดระยอง)ℹ️

The location where Changan Automobile and Eoptolink Technology established factories.

Thailand(ไทย)ℹ️

The target country for investments in EV, AI, and IoT technologies.