- Regional and circular economy: strategic partners Aiways and Phoenix EV (Aiways Thailand) sign a memorandum of understanding with Bio Hub Asia to set up a plant in Chachoengsao province
- Perfectly integrated: The new assembly plant is to be built on an area of 400 hectares and will later manufacture within the Bio Hub site, not only for the local Thai market
- Further expansion: The first right-hand drive prototypes of the Aiways U5 SUV, which are to go into series production from 2023, were shown during the signing ceremony
Shanghai/Bangkok, December 02, 2022 – With an investment of more than 40 million euros and the signing of a memorandum of understanding with Bio Hub Asia, Aiways cooperation partner Phoenix EV is laying the groundwork for an assembly plant in Thailand that will produce the first locally produced units of the Aiways U5 SUV and Aiways U6 SUV-Coupé as early as 2023.
Bio Hub Asia in Chachoengsao Province is the first vertically integrated “Bio-Circular-Green-Economy” industrial area in Thailand and Southeast Asia. The project aims to optimize the use of resources, at low cost and without pollution. The planning assumes the establishment of 54 sustainable factories in diverse sectors: From chemicals to energy to medicine and health, to a research and development center for sustainable innovation.
With over 400 hectares of floor space for the vehicle assembly plant and battery assembly plant, a significant portion of Bio Hub Asia is reserved for Aiways and Phoenix EV. Completion of the first phase of construction is planned as early as 2023, allowing the first vehicle to be assembled. Phoenix EV’s CEO, Sakonsak Sirachaiyasit, plans a pilot series of 600 vehicles next year.
The benefits of local production in the Bio Hub promoted by the Board of Investment of Thailand (BOI) and Eastern Economic Corridor (EEC) are multi-faceted. In addition to direct fiscal incentives, the exemption from import duties in particular ensures market-driven pricing. With its assembly plant in Chachoengsao, Aiways is the first Chinese manufacturer in a sustainable environment, accelerating the transformation of the “Detroit of Asia” – Thailand is the largest automotive hub in Southeast Asia and the tenth largest vehicle manufacturing country in the world – toward a lower carbon footprint.
“The idea behind Bio Hub Asia fits perfectly with our company philosophy: we want to create benefits. For our customers, but also for the community and society, by solving the challenges of our time in an intelligent and sustainable way,” says Dr. Alexander Klose, Executive Vice President Overseas Operations at Aiways, enthusiastic about the concept of the new site in Thailand. “The benefits of the Bio Hub also extend far beyond the production of our vehicles; for example, we are also working here with a software company that develops charging solutions and grid stabilization for our infrastructure in Thailand, and we are ensuring fast and efficient development of market-specific product changes with a research team based here.”
For Aiways, this move to Thailand also marks another milestone in the company’s history. As part of the “signing ceremony”, the first drivable prototypes of the right-hand drive version of the Aiways U5 SUV were shown, which will also roll off the production line at the new plant in the future. The RHD version will not only be limited to the Thai market; the Aiways U5 SUV and and a little later also the Aiways U6 SUV-Coupé will also be rolled out to other left-driving markets from 2023 as announced.
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Founded in 2017, Aiways is a Shanghai-based personal mobility provider with its European HQ in Munich, Germany. It was the first Chinese start-up to introduce an electric vehicle to the European market with the launch of the U5 in 2020 – a battery-electric SUV with impressive range, style, and quality. Aiways is rapidly continuing its expansion in Europe and beyond: order books are open in Germany, Netherlands, Belgium, Denmark, France, Israel, Switzerland, Spain, Portugal, Italy, Sweden, Croatia, Faroe Islands, Iceland, and Slovenia – with more markets to follow. The U5 SUV is produced at Aiways’ smart production facility in Shangrao – one of the most modern car production facilities in China. The IT-controlled processes with challenging quality gates follow the standards of Industry 4.0. With an initial production capacity of 150,000 units per annum, Aiways can increase this number to 300,000 units when global EV demand rises. Aiways’ next model for Europe will be the battery-electric U6 SUV-Coupé. With a focus on sophisticated aerodynamics, highly connected driving, safety technology, and a sporty design, the U6 SUV-Coupé is just the next chapter of Aiways’ promising future.