Thai auto sector has 4 years to adjust to China EVs, says major parts maker

Thai Summit chief shrugs off fears about domestic industry's demise

20240920 TSG

Thai Summit Senior Vice President Chanapun Juangroongruangkit says the auto parts producer has secured contracts with Chinese brands including BYD and Changan Automobile. (Source photos: screenshot from Thai Summit Group, Reuters and Kenya Akama)

FRANCESCA REGALADO, Nikkei staff writer

BANGKOK -- Thailand's leading private auto parts manufacturer says local suppliers and Japanese carmakers still have at least four years to adjust to the arrival of Chinese rivals who have ignited a price war in the country with electric vehicles imported under zero-tariff incentives.

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