Thailand’s vehicle production is projected to reach only 1.5 million units in 2024, a significant drop that reflects challenges in the automotive industry.
This anticipated output is the lowest since the disruptions caused by the pandemic in 2021, highlighting ongoing issues in manufacturing and market dynamics.
The decline in production aligns with the rising competition from Chinese electric vehicles (EVs), which are increasingly gaining traction in the automotive market.
Source link : Thailand’s auto production falls as Chinese EVs gain ground