BOI Board Approved Mitsubishi Motor’s THB 3.13 Billion PHEV Project /Three Regional Science Parks.
MRTA’s Orange Line Power Train Was Approved In Principle.
15-3-2019–Today at Government House Ms.Duangjai Assawinwijit BOI Secretary General BOI Board approved Plug-in Hybrid Electric Vehicle-PHEV project worth 3.13 billion baht proposed by Mitsubishi Motors (Thailand) Co., Ltd. The project will be locate on Chonburi Province.This project will use key E.V.part produce in Thailand ans has the plan to develop local raw material and part to support government policy promoting E.V.production.By today approval Mitsubishi Motor (Thailand) co., ltd.must start its production with in three years after received BOI promotion ticket.She disclosed that BOI granted up to eight years exemption for corporate income tax for this project and all kind of EV project with the additional of five years corporate income tax exemption for the project located on EEC area, under the condition that the company must be able to start using one of the four EV key parts locally produced within three years. The four EV key parts comprised of 1) Battery 2) Traction Motor 3) BMS (Battery Management System) and 4) DCU (Driving Control Unit) .
Ms.Duangjai disclosed that there are another four PHEV projects submitted and under BOI consideration, while there are another 1.4 billion baht worth battery projects and 3.6 billion baht worth charging station projects and some others EV projects such as BEV, PHEV, EVBUS were submitted and under BOI consideration for promotion granting.
She disclosed that BOI had relax the condition for the investors who submitted BEV project for BOI promotion before last year end but didn’t submit HEV project for BOI promotion in time before BOI closed accepting HEV application last year end to be able to submit another HEV project with in this year and BOI will merge their BEV project submitted by the condition that the granted project operator must have BEV project start with in three years after start producing HEV that now has more demand than BEV, in order to drive BEV production start faster and after start BEV production for three years the investors must use at least one of the four EV key parts in BEV car assembly.
BOI Secretary General disclosed that BOI had approved four HEV projects, four PHEV projects and one BEV project, accounted to nine projects worth 51.55 billion baht investment, while there were 10 battery for EV projects worth 6.8 billion baht also submitted under BOI consideration.
BOI today also approved another three science parks next to approved Patumtani Science park as follows ; Chieangmai Science park,Khonkan Science park and Sonkla Scenc park to promote science park work to support the competitiveness covering over all enterprises in Thailand including to promote EECi area by allow all the three science park to run their work locally in the three province in the first three years with eight year tax exemption and will be granted 50% income tax reduction for five more years while they move in the project into EECi zone.
BOI board today also approved in principle MRTA Orange Line power train ; BangkhunNon – Meenburi(Suwintawong) under the condition of concession investment promotion that the approved project will be granted eight years passenger fee income tax exemption no more than 100% of the investment value not including land and working capital. MRTA will clearly stipulate the mentioned privilege right into the Term of Reference(TOR) to let all the companies to submit the auction know later on.
