Horizon Plus, a joint venture between Taiwan’s Foxconn Technology Group and Thailand’s state-run energy group PTT, has acquired 50.08 hectares of land in the Eastern Economic Corridor (EEC) where it will set up the Plus EV new electric vehicle (EV) production base.

The concept of “sustainable development” is about meeting the needs of the present without compromising the development opportunities of future generations. Looking at the goal of tackling the greenhouse effect, the international community has placed the next checkpoint at 2030. Europe’s oil companies are changing their corporate identity labels; inside China, provinces are competing with each other to address climate change; supply chains are moving towards value chains; and green energy is becoming an emerging industry that we can hardly stay out of.

To the manufacturing industry, localized production has become an inevitable trend. Companies that expect to grow further in the global markets often start by building their local supply chains.