BANGKOK — Thailand has approved incentives for joint ventures (JVs) between Thai and foreign companies to manufacture automotive parts for vehicles using all types of propulsion systems, its Board of Investment (BoI) said on Thursday.
Thailand is Southeast Asia's biggest autos production center and an export base for some of the world's top carmakers. The government is heavily promoting investments in electric vehicles (EVs) in particular, with incentives to lure major firms.
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