Chinese carmaker Changan breaks ground for 1st plant in Thailand

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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

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