Thailand's auto parts industry still going strong despite COVID

[webfact]

Behind every strong local industry is a strong local supply chain. This is certainly the case for Thailand's automotive industry, which has over the past six decades established the kingdom as the leading automobile production base in Southeast Asia and the 11th largest worldwide.

 

Automobiles and vehicle parts rank among the country's top exports items, with the sector earning in 2022 a total of US$37.6 billion of which auto parts and accessories accounted for US$15.6 billion, according to Commerce Ministry statistics. Major export markets for Thai-made auto parts include USA, Japan, Southeast Asia and Australia.

 

Thailand, the world’s 11th largest automobile production base, has a pool of 2,200 high quality auto parts and accessories manufacturers catering for both the OEM and After Market worldwide.

Successive Thai governments have through well-defined policy directives attracted all the major Japanese automotive brands to set up local production and export bases in Thailand along with leading European and US brands such as Mercedes Benz, BMW and Ford, and with them a cluster of parts suppliers. Recently, in keeping with the government's climate and environmental objectives, Thailand has persuaded Chinese EV makers to set up their regional production bases in the kingdom, including well-known brands BYD, MG and Great Wall Motor. Already, at least 50 Chinese EV auto parts suppliers have also set up offices in Thailand.

 

Full story: https://en.prnasia.com/releases/apac/thailand-s-auto-parts-industry-still-going-strong-despite-covid-396121.shtml

 

-- © CISION 2023-03-14

 

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[bangon04]

Not what most people seem to say about Ford in Thailand.......

[hotchilli]

4 hours ago, webfact said:

Behind every strong local industry is a strong local supply chain. This is certainly the case for Thailand's automotive industry, which has over the past six decades established the kingdom as the leading automobile production base in Southeast Asia and the 11th largest worldwide.

Japans automotive industry, Thailand are sub-contractors.?

[Gknrd]

In the US the automotive hub is Mexico not Thailand.  Thailand's policies are more aligned with China, curious to see how that plays out in the next few years.