Reported about 1 year ago
As the growth of the European and American car markets slows down and China expands its capacity for low-cost electric vehicles, Tesla and other major car manufacturers are shifting their focus to Thailand, sometimes referred to as the ‘Detroit of Asia.’ Thailand offers incentives for EV manufacturing and consumers, making it an attractive location for automakers. Tesla's challenging year, marked by the need for significant price cuts to stimulate demand and competition from lower-priced offerings, has led to layoffs and cutbacks in their Supercharger network spending. Amid the ongoing US-China trade war, Tesla is facing additional challenges, prompting the company to seek opportunities in Asian markets beyond China, with India also showing interest besides Thailand as a potential hub for electric vehicles.
Source: YAHOO