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Thailand’s auto parts supply chain at risk with next-generation shift

The Thailand Development Research Institute (TDRI) is warning auto parts supply chain players to prepare for the transition to next-generation cars, saying some components will no longer be necessary for electric vehicles (EVs). Exhaust pipes and engines; for example, are installed in cars with internal combustion engines but are not needed in EVs. Research director Kirida Bhaopichitr said manufacturers need to adjust going forward. In particular, Tier 2 and Tier 3 manufacturers are expected to be affected. “The industry will gradually change 10 years from now and some companies will not survive,” Ms Kirida said. “But the supply chain for automakers or the Tier 1 level can withstand the transition because they will develop new technology in line with the industry.” She said Toyota’s suppliers in Thailand are preparing new components for hybrid electric vehicles (HEVs). Toyota was granted Board of Investment privileges for the EV scheme last year, with... If you wish to read this full breaking news headline article, Thailand’s auto parts supply chain at risk with next-generation shift, simply click on 'Read full story' below, but 1st please give 'Phuket Hotel Deals' a 'LIKE' or 'SHARE' before you visit 'Thailand Business News'. Thank you Thailand’s auto parts supply chain at risk with next-generation shift

 

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