Thailand PM invites Tesla, HP, and Analog Devices to invest

[webfact]

 

Thailand Prime Minister Srettha Thavisin extended an invitation to three significant American corporations to consider investing in Thailand, asserting the nation’s capability to act as their productive bases.

 

The 61 year old prime minister recently visited the manufacturing plant of Tesla’s electric vehicles (EVs), where he participated in a trial run of the company’s cyber truck, which is set for unveiling in the US later this month.

 

During his visit, the Bangkok-born PM engaged in discussions with Tesla executives about potential investment opportunities in Thailand. The prime minister revealed that the executives showed interest in investing and are likely to decide in the first quarter of the upcoming year.

Currently, PM Srettha is in the US for the Asia-Pacific Economic Cooperation (APEC) summit being held in San Francisco.

 

by Alex Morgan

Picture courtesy of Government House

 

Full story: The Thaiger 2023-11-15

 

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[Srikcir]

1 hour ago, webfact said:

discussions with Tesla executives about potential investment opportunities in Thailand.

With major manufacturing plants in China and zero import duty tax into Thailand, all Tesla saves is shipping. With an EV price war ongoing in China, what advantage is there for Tesla to invest in Thailand - a nation with population about the same as California? 

Consider also:

"Tesla's decision to invest in Malaysia was due to the country's strong electrical and electronics (E&E) ecosystem to support the manufacture of electric vehicles (EVs). Additionally, Malaysia has a higher per capita income (than Indonesia), the recipe for higher EV sales and a better road infrastructure."  Jul 31, 2566 BE

https://www.financetwitter.com

 

[Purdey]

Let's hope none of these companies does research into the educational level of Thais.

[hotchilli]

19 hours ago, webfact said:

Thailand Prime Minister Srettha Thavisin extended an invitation to three significant American corporations to consider investing in Thailand, asserting the nation’s capability to act as their productive bases.

Bail us out please, we're broke and have no idea what to do ourselves.

[OzzBlizz]

My son works at the Tesla Gigafactory in Austin, Texas that builds the Cyber truck and the first ones are supposed to be rolling off the assembly line on November 30th. There were a lot of tax incentives for Musk to open in Austin, which he pretty much got everything he asked for. The area is a strong technically trained community - with some great semiconductor and software companies. Tesla is primarily a Tech company, with access to students at a world class research University at UT Austin. There were many homebuilders that designed areas and local government worked with Tesla to create parkways with an 85mph/137kph tollway easy access to bypass the congestion problems in the area, but along with design and functionality, there was a study on property taxes in areas near Austin, due to the high property taxes in the immediate Austin area. There is no state tax in Texas, but Musk was adamant with his decision making to include business taxes, employee taxes, location, and logistics. Honestly I do hope ole Thailand can make a go of attracting new investment, but I hate to say they may not stand a China mans chance with companies like Tesla. 

Edited November 16, 2023 by OzzBlizz