Thailand is to impose a carbon tax on 3 major economic sectors

BANGKOK – The Excise Department plans to impose a carbon tax on the energy, transport and industrial sectors to help Thailand achieve its goals of carbon neutrality by 2050 and net zero greenhouse gas emissions by 2063, as well as cut the cost of imported fuel.

Neta starts building EV factory in Thailand

Hozon Auto’s Chinese electric car subsidiary Neta started constructing its first production facility outside China. The facility in Bangkok is scheduled to go into operation at the end of January 2024. The new plant will become Neta’s key location for manufacturing and exporting right-hand drive electric cars to ASEAN countries.

China’s carmaker BYD breaks ground on Thailand plant

RAYONG, Thailand, March 10 (Xinhua) — China’s leading electric vehicle manufacturer BYD held a groundbreaking ceremony on Friday for its first car plant in Thailand, marking the latest move by Chinese automakers to expand their footprint in Southeast Asia.