THAILAND CHINA ELECTRIC AUTOMOBILE

Hozon NETA V Chinese-made electric car launching in Thailand

epa10135924 Delegates present a Chinese-made smart electric car Hozon NETA V during a launching ceremony event in Bangkok, Thailand, 24 August 2022. Hozon Auto, a Chinese new energy vehicle automaker launched its right-hand drive version of Hozon NETA V all electric car model to expand the Thai market after signed an agreement with Thailand's largest energy firm PTT Plc (Petroleum Authority of Thailand) in setting up facility for producing electric vehicle (EV) aimed to grow the ASEAN regional new energy vehicle market. The Thai government has approved 2.923 billion baht (80 million US dollar or 81 million euro) budget for financial incentives package to subsidize electric vehicle (EV) purchases aimed to promote the use of EVs in the country and encourage investments from automakers in a bid to drive Thailand to become a production hub for clean energy cars in the region. EPA/RUNGROJ YONGRIT

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