Smart Park Industrial Estate Attracts Chinese Investors in EV and Energy Businesses
The Industrial Estate Authority of Thailand (IEAT) reports that Chinese companies are interested in investing in the Smart Park Industrial Estate in Rayong, which is set to open by the end of this year.
These firms plan to establish factories for producing electric vehicle (EV) components to cater to Thailand's expanding EV market and explore energy development opportunities.
Veeris Ammarapala, IEAT's governor, mentioned that the companies have shown interest in leasing large plots of land and are conducting feasibility studies for their new businesses.
Smart Park in Thailand focuses on the digital industry, particularly supporting EV assembly with government incentives.
The Thai government aims to make Thailand a regional EV production hub by offering incentive packages to global manufacturers.
From 2022 to 2030, the goal is to have 30% of total car manufacturing be battery EVs, producing 725,000 zero-emission cars, 675,000 electric motorcycles, and 34,000 electric buses.
To encourage investment, the Industrial Estate Authority of Thailand (IEAT) is waiving land rental costs for one year and granting a one-year exemption on facility operation fees at Smart Park.
Smart Park, a new development in the Map Ta Phut area, covers 1,383 rai of land and concentrates on industries such as digital technology, aviation and logistics, medical devices, and robotics.
The project aims for carbon neutrality by balancing carbon emissions and absorption.
Construction is currently 82% finished, and it's predicted to generate 1.3 billion baht annually and create 7,459 jobs for the economy.
Veeris Ammarapala, IEAT's governor, mentioned that the companies have shown interest in leasing large plots of land and are conducting feasibility studies for their new businesses.
Smart Park in Thailand focuses on the digital industry, particularly supporting EV assembly with government incentives.
The Thai government aims to make Thailand a regional EV production hub by offering incentive packages to global manufacturers.
From 2022 to 2030, the goal is to have 30% of total car manufacturing be battery EVs, producing 725,000 zero-emission cars, 675,000 electric motorcycles, and 34,000 electric buses.
To encourage investment, the Industrial Estate Authority of Thailand (IEAT) is waiving land rental costs for one year and granting a one-year exemption on facility operation fees at Smart Park.
Smart Park, a new development in the Map Ta Phut area, covers 1,383 rai of land and concentrates on industries such as digital technology, aviation and logistics, medical devices, and robotics.
The project aims for carbon neutrality by balancing carbon emissions and absorption.
Construction is currently 82% finished, and it's predicted to generate 1.3 billion baht annually and create 7,459 jobs for the economy.
Translation:
Translated by AI
