Chinese EV brand Aion, which is part of the Guangzhou Automobile Group (GAC Group), has signed a memorandum of understanding with Gold Integrate, its first overseas distributor based in Thailand, Bangkok Post reports.
The agreement covers the establishment of a local Aion subsidiary that will see the establishment of a sales division by July this year, followed by a roll out of models within the third quarter. The company will also work with local dealerships, with no less than 30 distribution outlets planned for this year.
Additionally, Thailand will also host Aion’s headquarters in Southeast Asia that will serve as a hub for future business expansion into surrounding areas. The report also pointed out that preparations for production will commence at a manufacturing subsidiary.
Thailand is Southeast Asia’s largest automobile manufacturer and exporter as well as the region’s largest electric vehicle (EV) market, with the latter supported by the Thailand government’s policies that include tax reductions, consumer cash subsidies and investment benefits. As such, the country has become increasingly attractive to carmakers, particularly those based in China, that want to expand the market for their new energy vehicles (NEVs) – a generic term for electrified vehicles.
The Aion range of EVs currently includes the S, V, Y, LX, Hyper GT and Hyper SSR, with notable standouts being the LX crossover that boasts up to range of 1,008 km following the NEDC standard, while the Hyper SSR is an EV supercar rated at 1,242 PS (1,225 hp).
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Whatever product invented, China will flood it to the market making the product cheap. Look at the how the bicycle and umbrella sharing model in China. Now they are flooding abandoned EV on huge EV graveyard. All for overtaking Tesla in sales.
Those abandoned EVs are from troubled fleet leasing/rental companies. Hence those are already registered vehicles. This is probably due to the current slowing down of China’s economy.
Take Serpentza’s video info with a pinch of salt.
lol watching/reading too much western propaganda.
Another BIG EV manufacturer gone to THAILAND. What has Malaysia got and done ? SAD …………..