WHA has signed with Chang'an Auto Southeast Asia a contract to purchase 250 rai of land for the first electric vehicle production base. to export worldwide At WHA Industrial Estate Eastern Seaboard 4 with the first phase project value of more than 8,862 million baht.
WHA Industrial Development Public Company Limited, a subsidiary of WHA Group, announced the signing of a major land purchase agreement with Chang'an Auto South Company. East Asia Co., Ltd., one of China's four leading automotive groups, occupies 250 rai in WHA Eastern Seaboard Industrial Estate 4 of WHA Group in the Eastern Special Development Zone (EE). C) to build a factory producing electric vehicles This is considered to be an important foreign direct investment of 2023, reflecting Thailand's outstanding investment promotion potential and integration. and management standards WHA Group's Smart ECO Industrial Estate is well equipped with public utility systems and environmental management. To support one of the best modern industries in the world and is another sustainable step in pushing Thailand Stepping into being the world's leading center for the production of fully integrated electric vehicles.
At the signing ceremony of this important contract Was honored by Ms. Zhang Xiaoxiao, Chinese Ambassador to the Commerce Department. The Chinese Embassy in Thailand was a witness. with Miss Jareeporn Jarukornsakul, Chairman of the Executive Committee and Group Chief Executive Officer of WHA Corporation Public Company Limited and Mr. Shen Xinghua, Managing Director of Chang'an Auto Southeast Asia Company Limited and Managing Director and Chairman of the Board of Directors of the Company. Chang'an Auto Sales (Thailand) Co., Ltd. is the contract signatory.
Mr. Shen Xinghua, Managing Director of Chang'an Auto Southeast Asia Co., Ltd. and Managing Director and Chairman of the Board of Chang'an Auto Sales (Thailand) Co., Ltd., said that Chang'an Auto Southeast Asia Co., Ltd. Asia We are pleased to have signed a land purchase agreement in the WHA Industrial Estate. Eastern Seaboard 4, under support from BOI, invests in setting up an electric vehicle production plant in Thailand. This is an important reason for making this big investment decision. Because Thailand and WHA Industrial Estate Eastern Seaboard 4 is the perfect choice. With the location and reputation of WHA Group as a leading industrial estate developer in the region which WHA Industrial Estate Eastern Seaboard 4 has what we were looking for. Both the outstanding location in the EEC's target industrial promotion zone area Quality human resources World class utilities and services Including high quality transportation and infrastructure. In addition, WHA Group also plays an important role in expanding the automotive cluster in the EEC. These are all important factors for Chang'an Auto Southeast Asia's investment. We plan to use over 8,862 million baht to invest in the first phase to set up a production base for right-hand drive cars, including BEV, PHEV, REEV (Range Extended EV) for sale in Thailand and export to the ASEAN region, Australia, New Zealand, England and South Africa. With a production capacity of 100,000 cars per year, including the establishment of a factory to produce electric vehicle batteries. It is expected to start producing cars in 2025. We also see the potential of Thailand beyond just being a production base. Therefore, there are plans to establish an automobile research and development center in Thailand in the next phase as well.
Miss Jareeporn Jarukornsakul, Chairman of the Executive Committee and Group Chief Executive Officer of WHA Corporation Public Company Limited said that WHA Group would like to thank Chang'an Auto Southeast Asia Company Limited for their confidence and choice of WHA. A Group to be part of the plan to establish a new electric vehicle production base in Thailand. The signing of this land purchase agreement is the biggest achievement of the year in public-private cooperation in promoting the automotive industry of the future. and economic development of Thailand It also confirms that Thailand is an important foreign investment destination for high-tech industries in Asia.
WHA Industrial Estate Eastern Seaboard 4 is WHA Group's 9th industrial estate in Thailand, with a total area of 2,443 rai (including expansion areas) located in a strategic location in the EEC that facilitates exports to the region. various locations around the world, including land, sea and air, are designed as Smart ECO Industrial Estates with infrastructure and public utility systems that meet world-class standards, complete with digital technology and the latest innovations, whether in the field of communications Transportation security Environmental controls to production and wastewater treatment and is connected to WHA's central control center (Unified Operation Center (UOC)) at headquarters. WHA Tower, Bangna area, allows the company to monitor various environmental conditions in real time. This is in line with WHA Group's mission to develop businesses for sustainable growth. The Ultimate Solution for Sustainable Growth.
This is due to the investment in setting up production bases of many of the world's major electric car manufacturers. This has resulted in the continuous expansion of automotive clusters in the EEC over the past several years. At present, electric car manufacturers from China have invested in Thailand with an investment value of over 1.44 billion dollars. Help push Thailand to become an important electric vehicle production center in Southeast Asia. This is a demonstration of Thailand's readiness to become one of the world's important electric vehicle hubs. In the past, the BOI has approved 23 electric vehicle projects from 16 companies, and by 2030, electric vehicles will account for 30% of Thailand's total automobile production, or 725,000 vehicles per year.
Chang'an Auto Southeast Asia's decision to invest in Thailand is of great importance to promoting Thailand's role in the electric vehicle industry on the global stage. Because in addition to showing Chang'an Auto Southeast Asia's confidence in Thailand in terms of infrastructure Market potential Proactive policy to promote the electric vehicle industry Including a complete logistics and supply chain system ready to support production. WHA Group Ready to support government policy Especially the national strategic plan to drive Thailand towards becoming a production base for electric vehicles and important parts in the world. as well as expanding the charging station network. and production of batteries for electric vehicles To promote a complete ecosystem of electric vehicles. Towards achieving the goal of using vehicles with zero emissions (Zero Emission Vehicle) by 2030 or 2030, which is in line with WHA Group's commitment to achieve net zero greenhouse gas emissions within Year 2050 (Net Zero Greenhouse Gas by 2050.
Source: Thai News Agency
