Will Xiaomi build a factory in Thailand for its cars? Thai Prime Minister meets with senior executives of Xiaomi Group

Xiaomi Group in Talks with Thai Prime Minister for Potential Car Factory in Thailand

【PhoneAuto News】According to PhoneAuto, the Thai Prime Minister Seta recently met with Xiaomi Group Vice President and CFO Lin Shiwei, inviting Xiaomi to expand its market and investment scale in Thailand. Seta expressed confidence in making Thailand the electric vehicle production center in the region and providing support measures for businesses. This news sparked speculation among netizens – will Xiaomi’s automotive division build a factory in Thailand?

Xiaomi Automotive Concept Image

In recent years, with the rapid growth of the global electric vehicle market, more and more companies have started paying attention to this field. The Thai government is pushing for Thailand to become the ASEAN center for electric vehicle production, and has implemented a range of industrial policies including tax reductions, cash subsidies, and investment support. These policies have attracted the attention of many manufacturers, who express their desire to establish electric vehicle factories in Thailand.

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This year, many Chinese automakers have set their sights on the Thai market. Changan Automobile has already established multiple entities in Thailand for marketing, manufacturing, and components. In addition, SAIC Group’s Thailand New Energy Industry Park officially broke ground in May, and BYD’s Rayong plant in Thailand also broke ground in March. The same month, NIO’s Thailand Eco-Smart Factory broke ground. Furthermore, Chery Automobile and others have expressed their intentions to build factories in Thailand.

Xiaomi, as a Chinese technology giant, has been expanding its business globally in recent years. This invitation from the Thai government undoubtedly presents a new opportunity for Xiaomi. Analysts speculate that Xiaomi is seeking a production location or facility to support the growth of various sectors, including electric vehicles. If Xiaomi is able to establish a production base in Thailand, it will further enhance its competitiveness in the global market.

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