ILEA001913024: China's Changan Auto to set up EV plant in Thailand

Chinese ductile iron pipes firm to establish new factory in Egypt

STORY: Chinese ductile iron pipes firm to establish new factory in Egypt SHOOTING TIME: March 27, 2024 DATELINE: March 30, 2024 LENGTH: 00:00:32 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of signing ceremony (Courtesy of the Egyptian Cabinet) STORYLINE: China's Xinxing Ductile Iron Pipes Co., Ltd. has signed a land lease contract with Egypt-TEDA SEZone Development Company to build a new factory in the China-Egypt TEDA Suez Economic and Trade Cooperation Zone. The signing ceremony held on Wednesday was attended by Egyptian Prime Minister Mostafa Madbouly, Suez Canal Economic Zone Chairman Waleid Gamaleldien, and other senior Egyptian officials. The project is planned to cover an area of about 270,000 square meters and produce 250,000 tons of ductile iron pipes per year, said Ma Ye, head of the Egypt project of Xinxing Ductile Iron Pipes Co., Ltd. With an investment of approximately 145 million U.S. dollars, the project is expected to generate nearly 200 million dollars in foreign exc

China's auto exports hit record high in 2023

STORY: China's auto exports hit record high in 2023 SHOOTING TIME: file DATELINE: Jan. 11, 2024 LENGTH: 00:01:19 LOCATION: SHANGHAI, China CATEGORY: ECONOMY SHOTLIST: 1. various of Chinese made vehicles 2. SOUNDBITE 1 (English): RICHARD VAN DER ENGLE, New Zealand dealer of Chinese carmaker SAIC Motor 3. SOUNDBITE 2 (English): THOMAS KENNEDY, Australian dealer of SAIC Motor STORYLINE: Industrial data showed on Thursday that China's auto exports surged 57.9 percent year on year to a record high of 4.91 million vehicles in 2023 as the country's automakers expanded their presence overseas. It marks another significant increase after the country exported more than 3 million vehicles in 2022 and over 2 million in 2021. Total auto sales surged 12 percent year on year to top 30.09 million units last year, while output exceeded 30.16 million units, up 11.6 percent compared with the 2022 level, according to the China Association of Automobile Manufacturers. SOUNDBITE 1 (English): RICHARD VAN DER ENGLE, New Zea

Chinese battery maker Gotion launches 1st battery product in Thailand

STORY: Chinese battery maker Gotion launches 1st battery product in Thailand SHOOTING TIME: Dec. 7, 2023 DATELINE: Dec. 8, 2023 LENGTH: 0:02:40 LOCATION: Bangkok CATEGORY: ECONOMY SHOTLIST: 1. various of the launching ceremony 2. SOUNDBITE (Chinese): CHENG QIAN, Gotion Global Executive President STORYLINE: China's battery maker Gotion High-tech on Thursday launched its first battery product in Thailand. Located in Siam Eastern Industrial Park in Thailand's Rayong Province, NV Gotion was jointly established by Gotion High-tech and Nuovo Plus, a new energy company belonging to the Thai state-owned SET-listed oil and gas company Public Company Limited (PTT), mainly engaged in the business of battery and battery industry chain. The first phase of the plant's battery pack production capacity is planned to be 2GWh per year, and in the future, it is planned to expand to an annual production capacity of 8GWh based on market demand. With 38 kWh battery pack, the battery product, Lithium Iron Phosphate B

Chinese carmaker Changan breaks ground for 1st plant in Thailand

STORY: Chinese carmaker Changan breaks ground for 1st plant in Thailand SHOOTING TIME: Nov. 8, 2023 DATELINE: Nov. 9, 2023 LENGTH: 00:01:05 LOCATION: RAYONG, Thailand CATEGORY: ECONOMY SHOTLIST: 1. various of the groundbreaking ceremony STORYLINE: China's leading automaker Changan held a groundbreaking ceremony on Wednesday for its first car plant in Thailand, marking a major step toward expanding its footprint in Southeast Asia. The new manufacturing facility, spanning approximately 600 acres, is located in the Eastern Economic Corridor Special Zone in coastal Rayong province and will include painting, assembly, engine assembly, and battery assembly units as well as essential supporting facilities. With the first phase set to commence in early 2025, the initial design anticipates the production of up to 100,000 vehicles per year. Furthermore, Changan's total investment is projected to reach up to 20 billion Thai baht (about 563 million U.S. dollars) by the second phase, and the total capacity

Chinese carmaker SAIC Motor opens first EV battery plant in Thailand

STORY: Chinese carmaker SAIC Motor opens first EV battery plant in Thailand SHOOTING TIME: Oct. 31, 2023 DATELINE: Nov. 1, 2023 LENGTH: 00:02:16 LOCATION: CHONBURI, Thailand CATEGORY: ECONOMY SHOTLIST: 1. various of the opening ceremony of the plant 2. various of EV cars STORYLINE: Chinese carmaker SAIC Motor on Tuesday announced the opening of its first electric vehicle (EV) battery plant in Thailand, as the first deeply localized battery rolled off the assembly line in the factory. The EV battery plant, spanning 12 hectares, is located in New Energy Industrial Park, Chonburi province's Eastern Economic Corridor Special Zone. With a production capacity of 50,000 units per year, the EV battery plant is divided into two main areas. The first one is the battery assembly area, which is fully automated, and the second area is designated for battery standard testing, which involves over 60 processes. Zhao Feng, president of SAIC Motor-CP, a joint venture between SAIC Motor Corp and Charoen Pokphand

German auto firms invest more in China on new energy vehicle hopes

STORY: German auto firms invest more in China on new energy vehicle hopes DATELINE: Oct. 29, 2023 LENGTH: 00:03:06 LOCATION: CHANGCHUN, China CATEGORY: ECONOMY SHOTLIST: 1. various of automobile manufacturers in China 2. SOUNDBITE 1 (German): HELMUT STETTNER, CEO, Audi FAW NEV Co., Ltd. 3. SOUNDBITE 2 (Chinese): WANG KAIYU, Board of Management Member (Production and Logistics), Audi FAW NEV Co., Ltd. 4. SOUNDBITE 3 (English): MILAN NEDELJKOVIC, Member of the board of management, BMW AG 5. SOUNDBITE 4 (English): CHRISTIAN CONRAD, Chief Business Development Manager, Fraunhofer Institute for Nondestructive Testing STORYLINE: In China's automobile hub of Changchun, German auto giant Audi and Chinese automaker FAW's new energy vehicle (NEV) joint project is making remarkable progress as they strive to establish their first pure electric vehicle production facility in the country. With a total investment exceeding 35 billion yuan (4.87 billion U.S. dollars), this state-of-the-art factory is set to become one of

THAILAND-BANGKOK-CHINESE AUTOMAKER-CONTRACT

(231026) -- BANGKOK, Oct. 26, 2023 (Xinhua) -- Chinese automaker Changan signs a land purchase agreement with Thailand's industrial estate developer WHA Group to build its new electric vehicle (EV) factory, in Bangkok, Thailand, Oct. 26, 2023. The 40-hectare plant is located in Thailand's eastern Rayong province, part of the country's Eastern Economic Corridor (EEC), a special development zone. TO GO WITH "China's Changan Auto to set up EV plant in Thailand" (Xinhua/Rachen Sageamsak)

Egypt to establish 1-bln-euro tire factory in Suez Canal Economic Zone

STORY: Egypt to establish 1-bln-euro tire factory in Suez Canal Economic Zone DATELINE: Sept. 21, 2023 LENGTH: 00:01:34 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the signing ceremony of the tire factory project (courtesy of Egyptian Cabinet) 2. various of the Suez Canal STORYLINE: Egypt will establish a tire factory with investments valued at one billion euros (1.07 billion U.S. dollars) in the Suez Canal Economic Zone (SCZone) northeast of the capital, the Egyptian government said in a statement on Wednesday. The factory will cover 400,000 square meters in three phases, it said. The project aims to produce tires for private cars and heavy trucks with a production capacity of seven million per year at the time of full operation, it added. The move is part of the SCZone's strategy to localize several integrated service and industrial sectors, the statement said, adding that the new factory initially targets securing the needs of domestic markets and reducing importation. It will provide

Land-sea trade corridor helps promote export of auto parts in S China

STORY: Land-sea trade corridor helps promote export of auto parts in S China DATELINE: July 27, 2023 LENGTH: 00:00:59 LOCATION: LIUZHOU, China CATEGORY: ECONOMY SHOTLIST: 1. various of transportation of automobiles STORYLINE: Liuzhou of south China's Guangxi Zhuang Autonomous Region has seen a surge in the exports of auto parts in the first half of this year thanks to the continuous development of the New International Land-Sea Trade Corridor. Launched in 2017, the new corridor is a trade and logistics passage jointly built by provincial-level regions in western China and ASEAN members. The rail-sea intermodal service has expanded to cover 61 cities in 17 provincial-level areas in China. From January to June, Liuzhou sent 4,106 20-foot equivalent units (TEU) of export auto parts through the corridor, an increase of 40.04 percent from the same period last year. The rail-sea intermodal service has helped the city expand its market to over 40 countries and regions in Southeast Asia, Central and South Ameri

Chinese investment helps boost Thailand's economy, says EEC panel head

STORY: Chinese investment helps boost Thailand's economy, says EEC panel head DATELINE: May 31, 2023 LENGTH: 00:02:43 LOCATION: Bangkok CATEGORY: ECONOMY SHOTLIST: 1. various of electric vehicles 2. SOUNDBITE 1 (English): CHULA SUKMANOP, Secretary general of Thailand's EEC policy committee 3. various of electric vehicles at the Thailand International Motor Expo and an electric vehicle factory in Thailand 4. SOUNDBITE 2 (English): CHULA SUKMANOP, Secretary general of Thailand's EEC policy committee 5. various of Thailand's East Economy Corridor STORYLINE: Chula Sukmanop, secretary general of Thailand's East Economy Corridor (EEC) policy committee, said that the increasing Chinese investment, highlighted by electric vehicle (EV) industries, has helped boost Thailand's economy and green development in recent years. Chula added that as the major vehicle production and export base in Southeast Asia, Thailand has attracted growing numbers of Chinese electric vehicle manufacturers over the years, echoing Thai go

China's Changan Auto to set up EV plant in Thailand

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