BANGKOK -- Thailand's Board of Investment on Thursday said it had approved a more than $1 billion plan by China's Sunwoda Electronic to build an electric vehicle battery plant, as the Southeast Asian nation drives to bolster its position as a regional auto hub.
The board's secretary-general, Narit Therdsteerasukdi, said the investment would strengthen the country's supply chain and support the production of EVs for both the domestic market and exports.
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