Thai PM Meets 4 Chinese Tech Giants to Boost Investment

Matichon•Economy•16m ago

Reader Briefing

Prime Minister Anutin Charnvirakul met with executives from four leading Chinese companies to discuss investment expansion and the development of future industry supply chains in Thailand.

•Prime Minister Anutin Charnvirakul and a government delegation met with Xiaomi Corporation, ChangAn Automobile, InnoLight Technology, and Eoptolink Technology in China.
•The discussions focused on expanding EV production, R&D centers, and high-speed communication technology investments in Thailand.
•ChangAn Automobile plans to increase production capacity in Thailand to 200,000 units per year by 2030.

Overview

•Prime Minister Anutin Charnvirakul, along with Ekniti Nitithanprapas and Varawut Silpa-archa, held meetings with executives from four Chinese companies to discuss investment plans in Thailand.
•Prime Minister Anutin Charnvirakul invited Xiaomi Corporation to consider expanding electric vehicle production and R&D in Thailand, supported by the Thailand FastPass mechanism.
•ChangAn Automobile has invested 10,000 million baht in its first full-scale production base outside China located in Thailand.
•ChangAn Automobile plans to increase its production capacity from 100,000 units to 200,000 units per year by 2030.
•InnoLight Technology, operating as Terahop (Thailand) Co., Ltd., has invested over 35,800 million baht with production bases in Saraburi and Phra Nakhon Si Ayutthaya.
•Eoptolink Technology has invested over 10,000 million baht in factories located in Chonburi and Rayong.
•Prime Minister Anutin Charnvirakul invited InnoLight Technology and ChangAn Automobile to consider listing on the Stock Exchange of Thailand.

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Key Quotes

Naruebit Therdsathirasak

"These leading companies are global technology leaders that do business with technology companies such as Google, Microsoft, NVIDIA, and Amazon."

บริษัทชั้นนำเหล่านี้เป็นผู้นำเทคโนโลยีระดับโลกที่ทำธุรกิจกับบริษัทเทคโนโลยีอย่าง Google, Microsoft, NVIDIA และ Amazon

Key Entities

Person

Naruebit Therdsathirasak(นฤตม์ เทอดสถีรศักดิ์)

Secretary General of the Board of Investment (BOI).

Anutin Charnvirakul(อนุทิน ชาญวีรกูล)ℹ️

Prime Minister of Thailand.

Ekniti Nitithanprapas(เอกนิติ นิติทัณฑ์ประภาศ)ℹ️

Deputy Prime Minister and Minister of Finance.

Varawut Silpa-archa(วราวุธ ศิลปอาชา)ℹ️

Minister of Industry.

Organization

Board of Investment(บีโอไอ)

The government agency responsible for investment promotion in Thailand.

Xiaomi Corporationℹ️

A global technology company and the world's third-largest smartphone manufacturer.

ChangAn Automobile

China's fourth-largest automaker with brands including DEEPAL, AVATR, and NEVO.

InnoLight Technology

A world leader in Optical Transceiver production for AI Data Centers and telecommunications.

Eoptolink Technology

The world's second-largest producer of Optical Transceivers, founded in 2008 in Chengdu.

Stock Exchange of Thailand(ตลาดหลักทรัพย์แห่งประเทศไทย)ℹ️

The stock exchange where the Prime Minister invited Chinese companies to list.

Terahop (Thailand) Co., Ltd.(เทราฮอป (ไทยแลนด์) จำกัด)

The Thai entity through which InnoLight Technology invests in Thailand.

Googleℹ️

A global technology company that is a customer of InnoLight Technology and Eoptolink Technology.

NVIDIAℹ️

A global technology company that is a customer of InnoLight Technology.

Place

People's Republic of China(สาธารณรัฐประชาชนจีน)ℹ️

The country visited by the Thai Prime Minister and delegation.

Saraburi(สระบุรี)ℹ️

A province where InnoLight Technology has production bases.

Phra Nakhon Si Ayutthaya(พระนครศรีอยุธยา)

A province where InnoLight Technology has production bases.

Chonburi(ชลบุรี)ℹ️

A province where Eoptolink Technology has a factory.

Rayong(ระยอง)ℹ️

A province where Eoptolink Technology has a factory.

Policy

Thailand FastPass

A government mechanism to support investment in the electric vehicle industry.

Thai-EU FTA(FTA ไทย-อียู)

A free trade agreement between Thailand and the European Union.