New variant casts shadow over Thailand Motor Expo, concerns outbreak may have an result on the industry

The uncertainty of the newly identified Covid-19 variant Omicron looms over today’s opening of the Thailand International Motor Expo as firms promote their new electric car choices.
Many of the producers at the exhibition fear that the model new variant might pressure nations to return to lockdowns or take other measures that will damage business as the worldwide economy and Thai auto trade begin to bounce back.
If Rich proves to be a dangerous pressure, it’ll affect the automotive business and “deal a blow” to the native and international economic system, stated Takeshi Kasahara, the VP of sales at a local Isuzu distributor.
“That would deal a blow to the Thai and international economy. However, we are assured governments can deal with the brand new outbreak.”
The automotive trade accounts for about 10% of the Thai GDP and is a large supply of employment. Several automakers together with Honda, Nissan, Toyota, Isuzu, Subaru, and Suzuki manufacture automobiles domestically in Thailand for export to foreign markets.
The spokesman of the Federation of Thai Industries, Mr. Surapong Paisitpatanapong reported a 40.7% year-on-year increase from 2020 on the value of automotive exports in the first 10 months of 2021. He says he believes Thailand is on observe to export 870,000 autos this year, but that would change with lockdowns and a worldwide shortage of semiconductors.
Great Wall Motor (GWM), a Chinese SUV manufacturer, worries the brand new variant might impact their investments and future enterprise strategy to use Thailand as a manufacturing and export hub for electric automobiles to the South African, Vietnamese, and Malaysian markets.
GWM plans to launch 9 electrical vehicle models in Thailand and is expected to generate 22 billion baht value of funding and create around 3,500 jobs with their home operations, based on Industry Minister Suriya Jungrungreangkit.
The president of Great Wall Motor ASEAN and Thailand says the corporate would possibly must revise its strategy in Thailand if the Omicron outbreak escalates to the worst-case state of affairs..

Leave a Comment