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    Not Indonesia, Tesla Is Even Investing In Opening An Office In Thailand

    May 30,2022 | Chloe Lacour

    REPUBLIKA.CO.ID, BANGKOK -- The world's largest electric car maker, Tesla has registered its office in Thailand. The Thai Ministry of Trade (Kemendag) said that the company owned by Elon Musk registered capital of three million baht or around US$87,700 (Rp 1.27 billion).

    The Ministry of Trade's Business Development Department said that based on the database, Tesla (Thailand) Ltd will sell electric vehicles (EVs) including passenger cars, pick-up trucks, and many more variants.

    Quoted from the Thai Enquirer on Monday (5/30/2022), the board members of the company operating in Thailand consist of three Tesla directors named David Jon Feinstein, Vaibhav Taneja, and Yaron Klein.

    Despite the hope that Thailand could host a Tesla factory, it seems the company will only sell vehicles in the land of the White Elephant. Not producing or assembling it.

    Meanwhile, the Indonesian government claims that Tesla has shown interest in investing in a battery and EV factory in an industrial complex in Central Java Province. Indonesia is the world's largest supplier of nickel, a key raw material for manufacturing EV batteries.

    Tesla's inclusion aligns with the government's policy of encouraging the use of EVs to support the transition to carbon neutrality. As recently as March, the Thai government approved three billion baht from the 2022 fiscal budget to fund electric car incentives. This figure includes subsidies for the retail price of electric cars and excise tax exemptions.

    The Thai government has also developed a 10-year plan for the auto industry to switch from cars that run on fossil fuels to electric batteries. With the aim of electric cars accounting for half of the total car production by 2023.

    Last year, The Electric Vehicle Association of Thailand (EVAT) noted that 5,781 electric cars, including 3,673 electric motorcycles, were registered to operate in the country.

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