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Great Wall Motors will produce electric vehicles in Thailand ดีมาก

January 23, 2024

Great Wall Motors announced they have signed a memorandum of understanding with the Thai government to produce their cars in Thailand.

They did this with the help of Thai governments EV 3.5 policy, an incentive to push electric vehicles in the kingdom. The policy aims to stimulate the development of Thailand’s pure electric vehicle industry through various measures, including providing cash subsidies to new cars, reducing import tariffs and consumption taxes. GWM has actively responded to this initiative and officially signed a 4-year (2024-2027) EV 3.5 policy.

According to the EV 3.5 policy, ORA 07 (GWM’s flagship model) will maintain its current pricing without any adjustments.

Cheng Jinkui, President of GWM in the ASEAN region, stated: “Since GWM entered the market in 2021, it has sparked a wave of electric vehicles in Thailand. The signing of the EV 3.5 policy marks GWM as one of the first electric vehicle brands to cooperate with the government. Our goal is aligning with the government’s willingness to support the flourishing development of electric vehicles and their industrial ecology in Thailand, and it’s consistent with the vision of building Thailand into a regional electric vehicle manufacturing center. Since entering the market, we have actively supported various government policies and were one of the first brands to sign and participate in the EV 3.0 policy. We will continue to provide full support for the EV 3.5 policy and continue to promote the high-performance sports electric sedan ORA 07, which will be released at the 40th Auto Expo in November 2023. We promise that both models of ORA 07 actively participate in the EV 3.5 policy will not announce any retail price adjustments. We assure all Thai customers that the prices we set are reasonable and truly reflect the actual value they receive, whether they are regular or new customers.”