THAILAND SEEKS AUTO R&D INVESTMENT TO KEEP EV MOMENTUM GOING

Thailand will provide incentives and tax breaks for carmakers setting up electric vehicle research and development centres, as it seeks to build on early success as a regional EV frontrunner, a government official said on Thursday.

Southeast Asia's second-largest economy is the largest car producer and exporter in the region, with Japanese manufacturers including Toyota Motor Corp (7203.T), Isuzu Motors (7202.T) and Honda Motor (7267.T) dominating the Thai sector for decades.

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