Hon Hai’s electric vehicle layout in Thailand is officially launched: the initial annual production capacity is 50,000 units, and the annual production capacity will be increased to 150,000 units in 2030

On June 14, according to the Taiwanese media “Economic Daily”, the Thailand Investment Promotion Board (BOI) announced on the 13th that it approved the establishment of a joint venture between Hon Hai and the State Petroleum Corporation of Thailand (PTT) worth 36.1 billion baht (about 1.04 billion US dollars, NTD About 30 billion yuan), the electric vehicle company Horizon Plus.

According to the report, this means that Hon Hai’s electric vehicle layout in Thailand will be officially launched, the local OEM electric vehicle business will be implemented, and it will become one of the important strongholds of the tandem group’s global electric vehicle layout, and will help Hon Hai operate.

In February this year, PTT and Hon Hai jointly established Horizon Plus. It plans to build an electric vehicle factory in eastern Thailand with a total investment of 1 billion to 2 billion US dollars. The new joint venture company will use the electric vehicle R&D platform “MIH” and software led by Hon Hai ,The goal is to help a number of manufacturers manufacture electric vehicles.

Ekachai Yimsakul, managing director of Arun Plus, PTT’s electric vehicle subsidiary, previously said Horizon Plus was seeking a preliminary outsourcing agreement with Zhejiang Hezhong New Energy Vehicle. Hezhong has also confirmed that it plans to cooperate with companies including PPT. Once there is concrete progress, an announcement will be made to the outside world.

Ekachai said that the above-mentioned electric vehicle factory,It is estimated that the construction plan will be started in the middle of 2022, and the production will start in 2024. The initial annual production capacity is 50,000 vehicles, and the annual production capacity will be increased to 150,000 vehicles in 2030.

In addition, Ekachai also said that sharing production facilities will help save time and money costs. With the platform and software developed by Hon Hai, he hopes to copy Hon Hai’s business model in the smartphone market to the electric vehicle industry.

The report pointed out that, in addition to the planned construction of an electric vehicle manufacturing plant in the middle of this year, Horizon Plus will also cooperate with the production investment plan to establish a R&D and design center in Thailand, thereby strengthening technology development and improving personnel skills and capabilities to support the electric vehicle industry. sustainable development.