Reports this week are that Tesla is looking to build a production facility in Thailand. The American company is said to be talking to the government of
It’s not clear if this factory would produce cars or batteries, or both. It could be that Tesla is looking to get around anti-China policies and potential policies in the US and Europe with production in Thailand. Or it could just be that Tesla sees more demand in the region and sees Thailand as a good place to lay down roots and work on satisfying that demand. The Thai government says it has offered Tesla 100% green energy for the factory, and surely various other incentives.
Elon Musk has said many times that Tesla would need many more gigafactories in order to meet its long-term vehicle production and sales targets. It’s not smart to have too many of your eggs in one basket, or too much production capacity dependent on one government, so it’s always been expected that Tesla would build gigafactories in more countries. Thailand just seems like one of the next logical places to expand operations and production.
“Thailand is Southeast Asia’s largest car producer and exporter, and aspires to become the region’s main EV production hub,”One thing that throws a crimp in all of this is that Tesla’s sales growth has slowed quite a bit in the past year and is likely to get slower still in 2024, maybe much slower. So, it seems Tesla isn’t really in need of much production capacity expansion at the moment.
One thing we do know is that BYD is already in or entering various markets in Southeast Asia, in other parts of Asia, in Africa, in South America, and in Central America.last year. In theory, Tesla should be competing in this and all other markets where BYD is growing — once it has its more affordable, smaller electric car on the market.Zach is tryin' to help society help itself one word at a time. He spends most of his time here onas its director, chief editor, and CEO.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: InsideEVs - 🏆 579. / 51 Read more »
Source: InsideEVs - 🏆 579. / 51 Read more »
Source: PsychToday - 🏆 714. / 51 Read more »
Source: cleantechnica - 🏆 565. / 51 Read more »
Source: InsideEVs - 🏆 579. / 51 Read more »
Source: InsideEVs - 🏆 579. / 51 Read more »