Bangkok: The Stock Exchange of Thailand (SET) CEO held discussions with the Chang'an Group of Companies to promote access to the Thai capital market. Mr. Assadej Kongsiri, Director and President of the Stock Exchange of Thailand, along with SET executives, met with Mr. Deng Zhitao, Managing Director of Changan Automobile Group for Thailand and Southeast Asia, to discuss growth plans in the region.
According to Thai News Agency, the Stock Exchange of Thailand engaged in talks with Changan Group, which includes Changan Auto Southeast Asia Co., Ltd., Changan Auto Sales (Thailand) Co., Ltd., and Changan Auto Components (Thailand) Co., Ltd. This group, a major player in the high-tech automobile and new energy electric vehicle sector, is looking to establish Thailand as a production and sales hub for Southeast Asia. The SET aims to support the group's access to the Thai capital market to promote sustainable growth, focusing on long-term partnerships to foster investment, business development, technology, innovation, and related industry value chains.
Changan Group, a leading electric vehicle manufacturer from the People's Republic of China, produces various brands such as CHANGAN DEEPAL AVATR. The group has received investment promotion approval from the Board of Investment (BOI) to establish an electric vehicle manufacturing base in Thailand, with sales having begun in 2023. The Thai manufacturing base is set to commence commercial operations in May 2025.