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When we think of automobiles, we most likely associate certain parts of the world with them. North America, particularly the United Sates, is probably one of the best examples. Nations like the United Kingdom, China, Germany, Italy, Japan, South Korea, and Sweden are all equally associated with the automobile.
Each have a manufacturing history and an automotive lifestyle unique to their respective cultures.
Powerful Presence
Thailand is part of that conversation today more so than ever. The nation’s automotive industry has steadily risen the last fifty years on the heels of one of the world’s strongest manufacturing bases. Last year alone, 1.9 million vehicles were manufactured in Thailand. Almost 800,000 were sold domestically and the reminder exported. According to a December 2015 report by the Thailand Investment Review, the nation ranked 12th globally for motor vehicle production. As of June, Thailand’s total vehicle export value was 9.4 billion dollars, making them now one of the world’s top ten automotive exporters.
“Thailand is the hub of the Association of Southeast Asian Nations (ASEAN) which has been playing an important role in Thailand’s economy for decades,” said Ms. Ajarin Pattanapanchai, Deputy Secretary General of the Thailand Board of Investment (BOI). “In 2015, more than 50 percent of the vehicles manufactured in Thailand were exported, which i...