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Business trends

Great Wall and Foxconn bet on Thai electric car market

Japan's stranglehold comes under threat from other big Asian companies

Great Wall purchased an auto plant from General Motors last year and has been upgrading it to produce hybrid and electric cars. (Photo courtesy of Great Wall)

BANGKOK -- As the global automotive industry undergoes a radical shift toward electrification, Thailand, the manufacturing hub of Southeast Asia, is emerging as a new arena of competition for the world's leading manufacturers.

China's Great Wall Motors on Wednesday officially opened its first factory in Thailand's Eastern Economic Corridor industrial zone of Rayong. It will focus on electric vehicle production for both the domestic market and export to ASEAN countries.

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