Studying China’s New Energy Automobile Industry Development Plan under the Made in China 2025 Strategy to Develop Thailand’s New Energy Automotive Industry
Keywords:
Made in China 2025, Electric car, EEC, New energy automobile industryAbstract
The Made in China 2025 strategy is an economic and social development plan implemented by the People’s Republic of China, with a specific emphasis on the advancement of the manufacturing industry. As for the Eastern Economic Corridor (EEC), the primary goal is to develop Thailand’s Eastern Seaboard industry. Since the Made in China 2025 strategy and EEC have shared the similarities in support for developing a new energy automobile industry, at present China has developed higher technology for producing electric cars. It is an important producer and consumer in the electric vehicle market. Thailand serves as a manufacturing hub for various foreign companies. Therefore, this article studies the current state of development in the new energy automotive industry in China and Thailand, with a specific focus on government assistance policies, including analyzing the strengths and weaknesses of the electric car industry in China and Thailand, cost barriers and production capacity in Thailand, and opportunities and guidelines for developing the electric vehicle industry in Thailand under the cooperation of the EEC and Made in China 2025 to provide guidelines for the future development of Thailand’s electric vehicle industry to become a leader. As a result, Thailand has the strength to become a leader in the electric vehicle industry. Simultaneously, it is plausible to apply the weaknesses of China’s development policies in comprehensive ways, such as promoting the electric vehicle manufacturing industry and providing guidelines for increasing domestic demand.
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