Delta Electronics, BYD among companies betting on Southeast Asia's top auto producer

Let's delve into Thailand's intriguing dance between Taiwan and China as it seeks to attract electric vehicle (EV) investment. 

1. EV Support Scheme:

   - Thailand has recently approved new measures to bolster the adoption of electric buses (e-buses), electric trucks (e-trucks), and the establishment of battery bases.

   - These initiatives aim to drive EV adoption and foster battery innovation within the country.

2. Battery Manufacturing:

   - Amita Technology, Thailand's pioneering lithium-ion battery gigafactory, is on track to complete the nation's EV ecosystem.

   - By developing its own battery manufacturing capabilities from upstream to downstream, Thailand aims to strengthen its position in the global EV market.

3. BYD's Expansion:

   - BYD, a prominent EV manufacturer, is poised to commence production at its new EV plant in Thailand during Q3.

   - This move is part of BYD's overseas expansion strategy, with a focus on accelerating overseas sales and solidifying its presence in the region.

In this intricate waltz of investment, Thailand manages to keep both Taiwan and China on their toes, all while nurturing its EV ambitions.