logo
Chinese automakers drive green mobility in Thailand, says Thai expert

Chinese automakers drive green mobility in Thailand, says Thai expert

Malaysia Sun20-07-2025
A Thai auto industry expert has highlighted China's world-class expertise in EV technology, particularly in battery systems and industrial-scale manufacturing, which is complemented by Thailand's geographic advantages, skilled labor, and robust government support.
BANGKOK, July 20 (Xinhua) -- The growing presence of Chinese automakers in Thailand has marked a crucial milestone in collaborative efforts toward green mobility and deepening of ties with China, a Thai auto industry expert has said.
Suroj Sangsnit, president of the Electric Vehicle Association of Thailand (EVAT), described the partnership as a testament to the systematic development of electric vehicle ecosystem and a strategic step toward advancing shared environmental goals.
In a recent interview with Xinhua, Suroj highlighted China's world-class expertise in EV technology, particularly in battery systems and industrial-scale manufacturing, which is complemented by Thailand's geographic advantages, skilled labor, and robust government support.
This synergy, he said, enables both countries to collaborate across the entire EV value chain, from vehicle production and infrastructure development to battery recycling.
The arrival of Chinese manufacturers, offering "advanced technology, accessible prices, and swift product deployment," has made EVs more attainable for the average Thai consumer, fostering wider adoption, he said.
That has also spurred investment in infrastructure such as charging stations, battery repair services, EV maintenance education, and parts manufacturing, he noted.
In the first half of 2025, new registrations of pure electric passenger vehicles in Thailand increased nearly 35 percent over the same period last year, reaching 55,708 units, of which Chinese brands accounted for almost 90 percent, official data showed.
Over the past few years, several Chinese automakers have established production facilities in Thailand, significantly bolstering the Southeast Asian country's ambition to become a regional electric mobility hub.
Suroj underscored the EVAT's role in fostering regional integration within the Association of Southeast Asian Nations by creating a network with its counterparts. He noted that the goal is to develop common standards and enable cross-border infrastructure, such as charging roaming.
Suroj emphasized that EV cooperation will be a cornerstone of future cooperation. He envisioned collaborative efforts in technologies, including solid-state batteries, intelligent EV platforms, and battery recycling solutions, with the establishment of joint research and development centers in Thailand.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Crayfish make a splash in central Chinese city
Crayfish make a splash in central Chinese city

Borneo Post

time7 minutes ago

  • Borneo Post

Crayfish make a splash in central Chinese city

Workers sort out crayfish at the China Crayfish Trading Center in Qianjiang, central China's Hubei Province on July 8, 2025. – Xinhua photo WUHAN (Aug 7): At 3am each morning, the only sound Ding Yuankai can hear is the gentle splash of oars slicing through a pond in Qianjiang, a city in central China's Hubei Province. With a flashlight strapped to his wrist and clad in waterproof overalls, Ding sets off in his small boat to begin his daily routine. One by one, he hauls up cages wriggling with red, armored crustaceans destined for dinner tables across the country. By the time he finishes checking all 60 mu (4 hectares) of ponds, the sky begins to pale. On the shore, seafood buyers are already waiting. 'When it gets hot, crayfish burrow into the mud to avoid the sun, so the catch drops,' Ding said. 'But it doesn't matter. Whatever I catch sells out. Qianjiang crayfish have a name. There's never a shortage of demand.' This year marks his ninth season in the business. Last year, his profits topped 5,000 yuan (about US$701) per mu. And with feed costs down and yields rising, he expects this year will be even better. In Qianjiang, this optimism runs deep. Every summer, the little crustaceans become a big business and a way of life. Much of Ding's morning haul will end up at the China Crayfish Trading Center on the city's outskirts. By 5am, the facility is abuzz. Workers sort, weigh and pack live crayfish for same-day shipment to restaurants and markets nationwide. Seafood vendor Wei Xiaotao monitors real-time prices on his phone through a digital platform that tracks supply and demand across over 30 production bases and major consumer cities. 'Farmers and traders can adjust their harvesting times and volumes based on price trends,' Wei said. 'It helps us better manage risks.' An aerial drone photo taken on Feb 28, 2024 shows farmers harvesting crayfish at a crayfish-rice integrated farming demonstration base in Qianjiang, central China's Hubei Province. – Xinhua photo By the time he spoke to Xinhua three hours after trading began, he had already sold out of crayfish – more than 500 kilograms. Some of Qianjiang's crayfish skip the fresh market and head straight for processing. At local factories, they're peeled, fried, seasoned and packaged, destined for shelves in Europe and the United States. Others are refined into high-value ingredients such as chitosan and chitin, which are used in pharmaceuticals, food and cosmetics, extending the value chain further. Qianjiang is now home to 48 crayfish processing enterprises, with a combined annual handling capacity of 800,000 tonnes. Qianjiang City is located on the Jianghan Plain, a major producer of rice, cotton, fish and shrimp. With fertile land and a large network of rivers and lakes, the plain is an ideal habitat for crayfish. The species is native to North America and was introduced to east China's Jiangsu Province by a Japanese merchant, appearing in the plain in the 1980s. Locals found the shellfish tasty and soon turned them into big business. Today, Qianjiang boasts a crayfish farming area of 947,000 mu. In 2024, the city sold more than 200,000 tonnes of live crayfish, generating a transaction value of over 10 billion yuan. In the first half of 2025, it recorded a trade of 177,000 tonnes, and the full-year volume is expected to reach a record high. To sustain growth, Qianjiang is pushing for technological innovation and year-round supply. In 2023, the Hubei provincial government launched a 10-point action plan to promote the high-quality development of the crayfish sector. Measures include those related to improving breeding systems, forming expert panels and developing new varieties. One major breakthrough came in December 2024, when Qianjiang hosted its first winter harvest ceremony, marking a milestone in off-season, large-scale crayfish marketing. 'The stable supply of crayfish during the winter and spring has improved farmers' ability to withstand market risks and increased their overall income,' said Guan Caizhang, who manages a local crayfish-rice integrated farming demonstration base. Zhang Yun, director of Qianjiang's crayfish industry promotion center, said that crayfish remain a pillar industry. 'We will continue to scale up training, accelerate selective breeding, and expand year-round farming models to drive further development,' Zhang said. – Xinhua

Cautious market outlook for Hartalega
Cautious market outlook for Hartalega

The Star

time34 minutes ago

  • The Star

Cautious market outlook for Hartalega

CIMB Research said near-term catalysts remains limited as tariff-related uncertainties and expansion of Chinese players' overseas capacity could further weigh on the industry. PETALING JAYA: The market remains cautious on the outlook for glovemaker Hartalega Holdings Bhd despite efforts on cost optimisation and the gradual recovery in demand as inventories from restocking diminishes. The company released its first quarter ended June 30, 2025 of financial year 2026 (FY26) results on Tuesday that were below market expectations due to lower demand and weaker average selling prices (ASPs). While the company told analysts at a briefing that it expects gradual recovery in FY26, observers have largely maintained a cautious stance due to oversupply from Chinese glovemakers leading to competitive ASPs and a looming RM101mil tax issue stemming from additional assessment for the years 2017 to 2022. CIMB Research, which maintained a 'hold' rating on the stock with a lower target price (TP) of RM1.45 from RM2.30, said near-term catalysts remains limited as tariff-related uncertainties and expansion of Chinese players' overseas capacity could further weigh on the industry. 'However, we see limited downside to the stock at current levels, with price-to-book value valuations now back to levels last seen during the glove supply glut in 2023, when industry-wide losses were prevalent,' it added. MBSB Research has kept its 'neutral' recommendation on the stock with a TP of RM1.24 from RM2.45. The research house pointed out to the thinning profit margins due to continued pricing pressure from Chinese glovemakers in the non-US markets. 'Note that the blended ASP contracted by 5% year-on-year. 'Given the pressure on both revenue and cost, we observed that the profit margin contracted to 2.4% from 6.8% a year ago,' it said, adding that the tough operating environment has translated to downward earnings revision of more than 50% for FY26 and FY27. Phillip Capital has also maintained a 'hold' rating with a TP of RM1.34 from RM1.64, reflecting lower ASP assumptions of US$19 to US$21 per 1,000 pieces from US$20 to US$22 as well as reduced sales volume in line with the company's latest guidance of six billion to six-and-a-half billion pieces. Maybank Investment Bank Research has maintained a 'sell' call with a TP of RM1.35 from RM1.41. The reserach house noted that that the company would continue to focus on its core nitrile glove segment and cost optimisation efforts, including workforce redeployment together with investing RM200mil to RM300mil over the next 18 to 24 months in automation and energy-saving upgrades. UOB Kay Hian Research expects the challenging outlook to continue pressuring sales and while the company expects US demand to recover, intensifying Chinese competition and oversupply dynamics continue to impact earnings. It has maintained a 'hold' call with a TP of RM1.40 from RM1.55.

Turkmen president proposes global hydrogen energy program at UN conference
Turkmen president proposes global hydrogen energy program at UN conference

The Star

time4 hours ago

  • The Star

Turkmen president proposes global hydrogen energy program at UN conference

ASHGABAT, Aug. 6 (Xinhua) -- Turkmen President Serdar Berdimuhamedov has proposed launching a global program for the transition to hydrogen energy covering the period 2030-2040. Speaking at the Third United Nations Conference on Landlocked Developing Countries (LLDC3) on Tuesday, Berdimuhamedov suggested beginning discussions in 2026 on developing the program under the UN framework. He emphasized Turkmenistan's consistent support for expanding practical cooperation in renewable energy and expressed the country's readiness to contribute to hydrogen energy development. Clear joint plans and coordinated mechanisms are needed to achieve this, he noted. Berdimuhamedov also stressed that Turkmenistan operates in the international energy space in full accordance with UN-adopted documents and advocates for strict adherence to international environmental standards and climate agreements. The LLDC3 is being held from Aug. 5 to 8 in Turkmenistan's National Tourist Zone of Awaza. The event has drawn heads of state and government, senior officials from over 100 countries, and representatives of around 50 international organizations and more than 20 major companies.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store