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Thailand’s Auto Parts Behemoth: Aligning with Chinese EV Makers is the Industry’s Sole Survival Strategy, as Japanese Firms Retreat
22 hour ago /
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Author：小编
On July 28, Nikkei Asia reported that Ye Ruiquan, CEO of Aapico Hitech—Thailand’s largest publicly traded automotive parts manufacturer—asserted that collaboration with Chinese electric vehicle (EV) companies represents the only viable path for long-term survival in the automotive sector. He emphasized that Chinese automakers offer competitive cost advantages and cutting-edge technological innovation. With their entry into the Thai market, the long-held dominance of Japanese companies has been disrupted, mirroring similar shifts occurring across global markets.
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