AS the increasing investment brought by Chinese electric vehicle manufacturers has been boosting EV sales and reshaping the auto market of Thailand in recent years, Japanese automakers fear losing their dominant position in Southeast Asia's largest car producer and exporter, Reuters reported on Monday.
Chinese EV makers have invested $1.44 billion in Thailand since 2020, making China Thailand's top foreign investor last year, surpassing Japan. Local automakers are seeking cooperation with Chinese EV makers to capture new growth points amid the transition to EVs, according to Reuters.
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