China’s Chery Automobile,Watch Friends which has a manufacturing partnership with luxury carmaker Jaguar Land Rover (JLR), will enter Thailand with an all-electric model in the first half of 2024, Vice President Xu Qingsong said at the China-ASEAN Expo in the southern city of Nanning on Monday. Xu declared that Thailand is one of Chery’s strategic markets, along with Malaysia and Indonesia, after the Chinese manufacturer revealed plans in July to establish manufacturing facilities in the three countries as part of its expansion into Southeast Asia. Thailand’s government last year announced measures to reduce import duty for EVs by as much as 40% until the end of this year, while requiring eligible manufacturers to locally produce vehicles similar to the imported models in a 1:1 ratio by the end of 2024. [Caixin, in Chinese]
