Major Chinese electric auto-maker keen to invest in EEC 

Chinese investors are keen to invest  in Thailand’s Eastern Economic Corridor (EEC) as well as in Phuket and Chiang Mai.

This was disclosed by  Deputy Prime Minister Somkid Jatusripitak as he met several major Chinese businessmen yesterday.

Dr Somkid said a meeting with a top executive of a major Chinese auto manufacturer BYD, Mr Wang Chuanfu, showed the company was interested in several railway projects in Thailand.

BYD Auto is China’s major  manufacturer of electric cars, buses, monorail trains and rechargeable battery.

Dr Somkid said BYD  is interested in investment in several routes of Thai railway projects.

It plans to invest in monorail system in the Eastern Economic Corridor (EEC) project and other major cities such as Chiang Mai, Phuket to serve expansion of Thailand rail system, he said.

The Chinese manufacturer is also willing to transfer technological know-how in light rail system to Thailand, he said.

Meanwhile another Chinese logistics firm Best Logistics Technology Co chief executive Mr Johnny has  decided to invest 5 billion baht in the EEC to develop technology, researches and logistics system.

The Chinese company will invest jointly with the Alibaba Group.
According to Dr Somkid, the Chinese logistics firm  viewed that Thailand is the investment hub in the region and needs logistic links to neighboring countries.

The company  plans to apply for privileges from the Board of Investment for several projects, he said.