Thailand Secures $4.1 Billion in EV Chain Investments as Southeast Asia Auto Hub Pivots to Next-Gen Tech

BANGKOK, THAILAND - Media OutReach Newswire - 3 July 2026 - Thailand has secured over $4.1 billion (approx. 137 billion baht) in investment pledges across its electric vehicle (EV) supply chain, solidifying its position as Southeast Asia's primary automotive manufacturing hub as global carmakers realign their production networks toward clean energy.

Mr. Narit Therdsteerasukdi, Secretary General of the Thailand Board of Investment (BOI)

According to newly released data from the Thailand Board of Investment (BOI), the capital injection spans 198 projects, covering the entire ecosystem, including battery electric vehicles (BEVs), hybrid systems, battery manufacturing, critical components, and charging infrastructure.

The investment surge comes as global automakers diversify supply chains away from geopolitical hotspots and establish regional hubs in Southeast Asia.

Unlike regional competitors focusing solely on pure electric vehicles, Thailand's policy framework supports a transition across all major propulsion technologies, including Hybrid Electric Vehicles (HEVs), Plug-in Hybrid Electric Vehicles (PHEVs), and BEVs.

"The transition to electric vehicles is both a global challenge and a massive opportunity," said Mr. Narit Therdsteerasukdi, Secretary General of the Thailand Board of Investment (BOI) and Secretary of the National EV Policy Board, speaking at the International Electric Vehicle Technology Conference (iEVTech) in Bangkok. "We must choose to be builders, not just consumers. By supporting all technologies—hybrid, plug-in hybrid, and battery electric—we allow legacy players and new entrants to invest and grow together, elevating Thai suppliers into the global value chain."

This strategy is already paying off in the market. In 2025, electrified vehicles accounted for over 40% of all new vehicle registrations in Thailand, with HEVs leading at 21.8%, closely followed by BEVs at 19.6%.

The $4.1 billion investment pipeline is highly distributed, showing deep integration across the supply chain rather than top-level vehicle assembly alone:

• Battery EVs (BEVs): $1.18 billion (approx. 39.5 billion baht) across 18 projects, establishing an annual domestic production capacity of over 370,000 units.
• Hybrids (HEV & PHEV): Combined investments of $1.18 billion (approx. 39.3 billion baht) across 14 projects, capitalizing on Japanese automakers' legacy hybrid technologies.
• Batteries & Energy Storage Systems (ESS): $1.00 billion (approx. 33.5 billion baht) across 57 projects, securing localized battery cell and pack manufacturing.
• Critical Components: $373 million (approx. 12.5 billion baht) across 49 projects, targeting high-value parts such as drive motors, battery management systems (BMS), and power control units.
• Charging Infrastructure: $292 million (approx. 9.8 billion baht) across 42 projects, funding over 22,900 charging stations nationwide, including more than 10,000 high-speed DC fast chargers.

This regulatory framework has pushed several major global automakers to localize production in Thailand. Mercedes-Benz Manufacturing pioneered local luxury BEV production in Thailand starting in 2022, followed by a major wave of Chinese EV manufacturers—including BYD, Great Wall Motor, SAIC Motor, and Aion—which established domestic assembly lines in 2024. The momentum continued into 2025 as Changan Auto and EV Primus launched their respective manufacturing operations, culminating in the 2026 production rollouts by South Korea's Hyundai Mobility and China's Omoda & Jaecoo. These manufacturing investments have culminated in the creation of more than 16,000 local jobs.

The BOI has also facilitated joint ventures and matchmaking through 18 "Sourcing Day" events. These sessions have paired more than 800 qualified Thai parts manufacturers with multinational automakers, resulting in over 1,200 business matches. The BOI estimates these sourcing links will generate over $1.79 billion (approx. 60 billion baht) in domestic procurement value, transitioning traditional tier-1 and tier-2 suppliers into the high-tech EV supply chain.

"Ultimately, we are leveraging sixty years of automotive expertise to position Thailand at the forefront of global mobility," Mr. Narit said. "Our goal is to ensure that local industry and local workforce are the ones driving this next chapter of growth."

Note: Currency conversions are based on the Bank of Thailand's average selling rate of approximately 1 USD = 33.5 THB.

Hashtag: #Thailandboardofinvestment #BOI #FDI #Investment

https://www.boi.go.th/en/index/

The issuer is solely responsible for the content of this announcement.

The Office of the Board of Investment (BOI)

Established in 1966, the Office of the Board of Investment (BOI) has continuously played an essential role for over 60 years in promoting value-adding investment for the country, from both foreign and Thai investors, to enhance national competitiveness and drive towards a new era of sustainable and balanced growth.

Investment Services Center- PR Section, The Office of the Board of Investment (BOI)

555 Vibhavadi-Rangsit Road, Chatuchak Bangkok 10900 Tel. +66 (0) 2553 8111, Fax: +66 (0) 2553 8222

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Boosting Southeast Asia Strategy

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 3 July 2026 - Recently, XTransfer, the world's leading B2B cross-border trade payment platform, officially inaugurated its new office in Malaysia. This marks XTransfer's continued investment in localised operations across Southeast Asia and lays a solid foundation for further strengthening its regional trade finance services.

XTransfer Unveils New Malaysia Office

Leaders and partners from several major local Malaysian banks and financial institutions attended the event to witness this important milestone. The opening ceremony began with a lively lion dance performance, followed by a ribbon-cutting session led by distinguished guests in a festive atmosphere. Ribbon-cutting guests included Ms Winnie Wong, Director of Financial Institutions Group at Maybank; Ms Sylvia Wong, Regional Head at CIMB; Ms Daphne Yoo, Director at OCBC; along with representatives from various institutions and associations, and the head of XTransfer's Malaysia team.

Guests warmly congratulated XTransfer on the opening of its new office and expressed their expectation that XTransfer will continue to support the development of local trade by providing Malaysian SMEs with more efficient and secure cross-border payment solutions. Representatives from multiple banks also noted that they look forward to deepening collaboration with XTransfer, further improving localised settlement networks, and jointly promoting the development of the cross-border payments ecosystem.

As a fintech company deeply focused on global trade finance, XTransfer has consistently adhered to a technology-driven and compliance-first approach. It is committed to providing global trade enterprises with secure, convenient, and cost-effective cross-border payment and collection solutions. With the launch of its new Malaysia office, XTransfer will position Malaysia as a strategic hub for its Southeast Asia operations, extending its reach across the Asia-Pacific market and further accelerating regional business expansion. Going forward, XTransfer will continue to advance its internationalisation strategy to better serve global trade companies.

It is also worth noting that in February this year, XTransfer received conditional approval from Bank Negara Malaysia (BNM) for key payment licenses. Upon completing the pre-issuance conditions and being permitted to launch, XTransfer will introduce digital payment services to support businesses, particularly SMEs engaged in international trade. With the official opening of the new office, XTransfer will leverage stronger local service capabilities together with its global network resources to continue helping regional trade businesses seize global opportunities and expand into broader international markets.

Hashtag: #XTransfer #Crossborder #Payment #SMEs #Malaysia

https://www.xtransfer.com
https://www.linkedin.com/company/xtransfer.cn

The issuer is solely responsible for the content of this announcement.

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