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On July 25, Thai authorities said they had approved investment plans worth 29.
63 billion baht (about 6.
04 billion yuan), including projects by two Japanese automakers to produce hybrid electric vehicles and batteries
.
Thailand approves Nissan and Honda's investment plans for electric vehicles
The Board of Investment of Thailand (BOI) said in a statement that Nissan, a subsidiary of Nissan, will invest 10.
96 billion baht (about 2.
23 billion yuan) in electric vehicles, while Honda Motor (Thailand), a subsidiary of Honda Motor, will invest 5.
82 billion baht (about 1.
19 billion yuan)
in electric vehicle projects.
It also approved Thailand's AirAsia X plan to lease six Airbus A330 aircraft for 9.
25 billion baht (about 1.
89 billion yuan), and Mars Pet Care (Thailand) to invest
3.
5 billion baht (about 710 million yuan) in pet food, BOI said.
From January to June, domestic and foreign companies submitted projects worth 284.
6 billion baht (about 58.
02 billion yuan), which is said to be worth close to the
data of the first half of 2017, BOI said.
The committee said the projects were aimed primarily at Thailand's Eastern Economic Corridor, which is at the heart of the
government's policy to boost economic growth and target high-tech investment.
With a large number of investment applications expected in the second half of the year, BOI adhered to its target of obtaining 720 billion baht (about 146.
77 billion yuan) investment commitments this year, an increase of 12%
over last year.
Note: This article uses the real-time exchange rate of 1 baht = 0.
2037 RMB
，
On July 25, Thai authorities said they had approved investment plans worth 29.
63 billion baht (about 6.
04 billion yuan), including projects by two Japanese automakers to produce hybrid electric vehicles and batteries
.
Thailand approves Nissan and Honda's investment plans for electric vehicles
Thailand approves Nissan and Honda's investment plans for electric vehiclesThe Board of Investment of Thailand (BOI) said in a statement that Nissan, a subsidiary of Nissan, will invest 10.
96 billion baht (about 2.
23 billion yuan) in electric vehicles, while Honda Motor (Thailand), a subsidiary of Honda Motor, will invest 5.
82 billion baht (about 1.
19 billion yuan)
in electric vehicle projects.
It also approved Thailand's AirAsia X plan to lease six Airbus A330 aircraft for 9.
25 billion baht (about 1.
89 billion yuan), and Mars Pet Care (Thailand) to invest
3.
5 billion baht (about 710 million yuan) in pet food, BOI said.
From January to June, domestic and foreign companies submitted projects worth 284.
6 billion baht (about 58.
02 billion yuan), which is said to be worth close to the
data of the first half of 2017, BOI said.
The committee said the projects were aimed primarily at Thailand's Eastern Economic Corridor, which is at the heart of the
government's policy to boost economic growth and target high-tech investment.
With a large number of investment applications expected in the second half of the year, BOI adhered to its target of obtaining 720 billion baht (about 146.
77 billion yuan) investment commitments this year, an increase of 12%
over last year.
Note: This article uses the real-time exchange rate of 1 baht = 0.
2037 RMB
，
