Zhejiang Geely Holding Group Co., Ltd., a Chinese multinational automotive company, is reportedly in the early stages of planning an entry into Thailand’s electric vehicle market, according to Reuters, which cited two people with knowledge of the matter.
The company is weighing on whether to market an entry-level electric car in Thailand as well as an electric pickup truck, cited Reuters.
However, Geely denied the reports when asked by Reuters, saying that the company has no such plans.
Manufacturers are eyeing Thailand as a production hub due to the government’s incentive for producers as the country is trying to transit into clean energy. China’s Great Wall Motor is one of the biggest players in Thailand.