Mercedes-Benz (Thailand) Seeks Local Partners For EV Charging
Mercedes-Benz (Thailand) is seeking more partners for joint investment in electric vehicle (EV) charging facilities to serve the growing domestic market.
Source: Bangkok Post
According to Bangkok Post, Thailand is being developed into a high-potential EV market, following the government’s clear policy to strengthen the EV industry amid the global trend for using more zero-emission cars, said Martin Schwenk, President and Chief Executive of Mercedes-Benz (Thailand).
Last year, the cabinet approved a package of incentives including tax cuts and subsidies to promote EV consumption and production between 2022 and 2023. The subsidies range from THB 70,000 – THB 150,000 depending on the vehicle type and model, while there are lower excise tax and import duties on completely knocked-down and completely built-up units.
”The company will continue to invest in Thailand, with the aim to become the leader in the Thai EV market,” he said. Mercedes-Benz is cooperating with PTT Oil and Retail business Plc, a subsidiary of national oil and gas conglomerate PTT Plc, to jointly conduct a feasibility study on EV charging station development to serve EV drivers. “We initially plan to increase the number of EV charging stations by working with four dealers who sell our EVs under the EQ brand,” Schwenk added.
There are currently 32 EQ dealers nationwide. Mercedes-Benz is also interested in battery manufacturing in Thailand and sees it as a long-term investment project. The firm is running a factory in Samut Prakan that imports battery components for assembly with a local partner.
In 2022, Mercedes-Benz saw its total sales, including oil-powered cars, in Thailand grow 34 percent, with a total of 13,182 vehicles registered.Car sales in what the firm calls the “Dream Car” segment, including CLS and C-Coupe models, recorded a 28 percent sales growth, while the contemporary luxury segment, including the new C-Class, E-Class, and S-Class, grew by 12 percent, followed by the Mercedes-Maybach, which saw triple sales growth compared to previous year.
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