Thailand is readying its 2,500 auto parts manufacturers for a possible shift from producing parts for internal combustion engines to electric vehicles . This as the Federation of Thai Industries auto club announces an EV component development plan.
FTI is a private sector organization that brings together industrial leaders to promote economic development. The main objectives of FTI are to represent Thai manufacturers at both national and international levels, to help promote and develop industrial enterprises, to work with the government in setting up national policies, and to offer consulting services to members.
There are over 2,500 auto parts manufacturers in Thailand including large-scale, but small and medium-sized businesses as well. Around 700 to 800 of them are members of the FTI auto club.
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