Foxconn joint venture EV factory approved by Thailand Investment Promotion Board

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 Titanium Media App June 13 news, according to foreign media reports, Thailand on Monday approved new investment applications worth 209.5 billion baht (6 billion US dollars), including an application by a Foxconn joint venture to build an electric vehicle factory. Thailand’s Board of Investment (BOI), headed by Prime Minister Prayuth Prayut, reportedly said in a statement that it has approved a 36.1 billion baht plan for Horizon Plus, a joint venture between Foxconn and the State Oil Company of Thailand (PTT), to produce electric vehicles. car. In addition, the BOI has approved more incentives for companies investing in battery production, and will further promote investments in smart industrial parks and systems, as well as upgrades to existing industrial parks.

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