Thailand smiles at both Taiwan and China as it courts EV investment

Delta Electronics, BYD among companies betting on Southeast Asia's top auto producer

20240410N Thailand EV REUTERS

Thailand has been courting foreign investment to grow its EV industry. © Reuters

KENYA AKAMA, Nikkei staff writer

BANGKOK -- Thailand has seen a rise in investment from Taiwan as the Southeast Asian nation seeks to build up its electric-vehicle and chip industries, even as it stays open for business with mainland China.

One of the newest symbols of this expansion is a plant by Taiwan's Delta Electronics in an industrial park in Samut Prakan province, east of Bangkok.

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