US electric car maker Tesla sets up company in Thailand
US electric vehicle company Tesla has registered a company in Thailand on May 25 with the primary purpose to sell its battery-powered cars in the country, various local media reported.
Tesla Company (Thailand) was set up with an initial registration capital of three million baht ($87,500), according to the country’s Department of Business Development
Tesla will just sell cars in Thailand rather than produce or assemble vehicles locally, the reports noted. However, the company would also offer energy storage systems, as well as install charging stations for its vehicles.
Electric vehicle campaign
The arrival of Tesla in Thailand correlates with the Thai government’s policy to drive the use of electric vehicles to reduce carbon emissions. In March, a budget of three billion baht has been approved to subsidise the retail price of electric vehicles for customers in Thailand. The government will also reduce sales tax on the cars.
In March this year, China’s Great Wall Motor and MG Motor agreed to participate in the government’s project and put a total of 2,000 electric vehicles up for sale in Thailand. Mercedes, BMW, Honda, Mitsubishi, Nissan, Foxconn and Hoson Auto are also showing an interest in selling electric vehicles in Thailand.
The Bangkok Metropolitan Administration has already begun to install electric vehicles charging stations around the city, initially free to use. In April, the Thai police has leased a fleet of Tesla cars to replace the Mercedes-Benz A Class to be used in the government’s motorcade for protection of high-ranking VIPs.
Tesla expanding in Southeast Asia
Meanwhile, Tesla has been looking to set up shop elsewhere in Southeast Asia. Indonesia seems to be the biggest prospective market, where Tesla reportedly has agreed to build a battery and electric vehicles factory at an industrial complex in Java province.
Tesla also intends to establish “supercharger sites” in Malaysia, presumably to support Singaporean Tesla vehicles driving on Malaysian roads.
US electric vehicle company Tesla has registered a company in Thailand on May 25 with the primary purpose to sell its battery-powered cars in the country, various local media reported. Tesla Company (Thailand) was set up with an initial registration capital of three million baht ($87,500), according to the country’s Department of Business Development Tesla will just sell cars in Thailand rather than produce or assemble vehicles locally, the reports noted. However, the company would also offer energy storage systems, as well as install charging stations for its vehicles. Electric vehicle campaign The arrival of Tesla in Thailand correlates with...
US electric vehicle company Tesla has registered a company in Thailand on May 25 with the primary purpose to sell its battery-powered cars in the country, various local media reported.
Tesla Company (Thailand) was set up with an initial registration capital of three million baht ($87,500), according to the country’s Department of Business Development
Tesla will just sell cars in Thailand rather than produce or assemble vehicles locally, the reports noted. However, the company would also offer energy storage systems, as well as install charging stations for its vehicles.
Electric vehicle campaign
The arrival of Tesla in Thailand correlates with the Thai government’s policy to drive the use of electric vehicles to reduce carbon emissions. In March, a budget of three billion baht has been approved to subsidise the retail price of electric vehicles for customers in Thailand. The government will also reduce sales tax on the cars.
In March this year, China’s Great Wall Motor and MG Motor agreed to participate in the government’s project and put a total of 2,000 electric vehicles up for sale in Thailand. Mercedes, BMW, Honda, Mitsubishi, Nissan, Foxconn and Hoson Auto are also showing an interest in selling electric vehicles in Thailand.
The Bangkok Metropolitan Administration has already begun to install electric vehicles charging stations around the city, initially free to use. In April, the Thai police has leased a fleet of Tesla cars to replace the Mercedes-Benz A Class to be used in the government’s motorcade for protection of high-ranking VIPs.
Tesla expanding in Southeast Asia
Meanwhile, Tesla has been looking to set up shop elsewhere in Southeast Asia. Indonesia seems to be the biggest prospective market, where Tesla reportedly has agreed to build a battery and electric vehicles factory at an industrial complex in Java province.
Tesla also intends to establish “supercharger sites” in Malaysia, presumably to support Singaporean Tesla vehicles driving on Malaysian roads.
