Thailand’s automotive industry at a crossroads
Thailand's automotive industry stands at a crossroads. While it remains a significant player in the ASEAN region, its traditional strengths are under pressure from global trends and domestic challenges.
                    11 December 2024
11 December 2024
Thailand's automotive industry stands at a crossroads. While it remains a significant player in the ASEAN region, its traditional strengths are under pressure from global trends and domestic challenges.
The restructuring aims to cut the autonomous vehicle unit's annual costs from $2bn to $1bn by mid-2025.
The investment will focus on upgrading the Internal Combustion Engine platform and improving the plant's R&D capabilities.
The two sides remain some way off an agreement.
The collaboration combines ROHM's device development expertise and TSMC's advanced GaN-on-silicon process technology.
Rebound driven by temporary cut in registration tax.
The two companies already collaborate in iron ore and natural gas production.
The first facility, supported by a consortium of 22 banks, will serve as a backup for general corporate purposes.
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