Thailand Bets on EVs to Draw Trillion Baht in Investment (1)

Thailand, renowned as the ‘Detroit of Asia’ for its production of internal combustion engine cars, wants to break into the top tier of electric vehicle makers as part of a goal to lure 1 trillion baht ($28 billion) of investments in four years.

To that end, the Southeast Asian nation has set up a “special operation” center to catch what its investment board head calls the “big fish” of the EV industry and other strategic sectors. Chinese EV makers are a top target, Narit Therdsteerasukdi, secretary-general of the Board of Investment, said in an interview.

The agency’s investment ...