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China’s dominant EV exports are set to get even cheaper off the back of a huge new subsidy program to boost sales in Thailand – Fortune

China’s dominant EV exports are set to get even cheaper off the back of a huge new subsidy program to boost sales in Thailand – Fortune

 

China’s already-dominant EV exporting empire got yet another boost yesterday, as an agreement was finalized with the Thai government that will make Chinese-made cars even more affordable for consumers in Southeast Asia’s second largest economy. It will also render them not fully Chinese-made anymore.As the Chinese economy slows down and the domestic auto market becomes saturated, carmakers are increasingly looking to foreign markets to keep sales numbers up—Chinese auto exports jumped 58% last year, according to government data.To strike this… 

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