Narong Sritalayon, managing director at Great Wall Motor (GWM) Thailand, told Nikkei Asia that the company plans to invest a total of THB22.6 billion (US$62.5 million) in manufacturing EVs, EV parts, and EV infrastructure in Thailand.

Tesla Inc. is changing its marketing approach in China as fierce competition from domestic rivals and uneven demand puts its growth plans in the world’s biggest electric-car market at risk.

With Foxconn’s latest announcement to invite Shang-Yi Chiang, TSMC veteran and former SMIC executive, as the chief strategy officer of its semiconductor group, some in the industry perceive the decision more driven by Foxconn’s need for brand recognition, network expansion and overall strategic guidance, rather than the need for a technological upgrade, especially when there remains a significant gap between TSMC and Foxconn that can be hard to address in the short term.