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Thailand’s auto production and exports rebound in October-

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  Thailand s auto production and exports rose in October led by a decline in global semiconductor shortages data showed on Thursday The country s auto manufacturing rose 10 83 percent in October from a year earlier to 170 717 units 57 13 percent of which were made for export according to the Federation of Thai Industries FTI More than 1 53 million vehicles were produced in the first 10 months of this year up 12 36 percent year on year said FTI vice president and car club spokesman Surapong Paisitpattanapong adding that manufacturing of passenger cars rose sharply as manufacturers received more semiconductors The number of vehicles manufactured by the end of the year could exceed the annual target of 1 75 million if the supply of semiconductors remains stable Surapong said Some 800 672 units of finished cars were exported in the January October period up 5 48 percent on year with a value of 497 28 billion baht 13 89 billion US dollars up 18 91 percent from the same period last year according to FTI data Thai government subsidies have helped boost domestic sales of electric vehicles In October alone 1 960 battery electric vehicles BEVs were registered an increase of 288 89 percent from a year earlier Surapong said Xinhua
Thailand’s auto production and exports rebound in October-

Federation of Thai Industries

Thailand‘s auto production and exports rose in October, led by a decline in global semiconductor shortages, data showed on Thursday.

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The country’s auto manufacturing rose 10.83 percent in October from a year earlier to 170,717 units, 57.13 percent of which were made for export, according to the Federation of Thai Industries (FTI).

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More than 1.53 million vehicles were produced in the first 10 months of this year, up 12.36 percent year-on-year, said FTI vice president and car club spokesman Surapong Paisitpattanapong, adding that manufacturing of passenger cars rose sharply as manufacturers received more semiconductors.

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“The number of vehicles manufactured by the end of the year could exceed the annual target of 1.75 million if the supply of semiconductors remains stable,” Surapong said.

Some 800,672 units of finished cars were exported in the January-October period, up 5.48 percent on-year, with a value of 497.28 billion baht (13.89 billion US dollars), up 18.91 percent from the same period last year, according to FTI data.

Thai government subsidies have helped boost domestic sales of electric vehicles. In October alone, 1,960 battery electric vehicles (BEVs) were registered, an increase of 288.89 percent from a year earlier, Surapong said. ■

(Xinhua)

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