Toyota's Move Could Reshape the Steel Market

The hot-rolled steel market, once stable, is now facing a potential decline. Toyota's recent price cut on automotive steel has sparked concerns.

Foundation for Industrial Development Thai-German Institute (TGI), Mobile Innovation Company Limited (MI), and NTT Communications Corporation (NTT Com) Sign Groundbreaking Memorandum of Understanding

The Foundation for Industrial Development Thai-German Institute (TGI), represented by President Mr. Somchai Jakkareen, Mobile Innovation Company Limited (MI), represented by Presid…

Thailand's Auto Production Plunges 20% in August 2023

Thailand's automotive production experienced a substantial decline in August 2024, with a total of 119,680 units produced—a 20.56% decrease compared to the same month in 2023.

New Mazda CX-5 Hybrid to be unveiled in 2025, addressing the EV era.

Mazda is developing a new hybrid engine for its larger SUV, the CX-5, with plans to introduce it in 2025. This move is part of a broader strategy to consolidate its current models …

YG-1 Launches ‘Dream Drill X’ with Advanced RCH-Coating Technology increase in tool life is 20% to 50% longer, Redefining Durability and Efficiency in High-Demand Drilling Applications

Chonburi Leads with the Highest Number of Industrial Factories in July 2024

New factories were licensed in July 2024, totaled 186 factories. Chonburi was the province where 21 new factories opened, the largest number with the total capital of 1,881.82 mill…

Thailand Car Production Drops 16.62% in July 2024 Due to Domestic Car Sales Crash

Thailand's vehicle production in July 2024 reached 124,829 units, a 16.62% drop year-on-year. This was primarily caused by a 40.85% decrease in domestic sales.

Japan's R&D Spending Hits New High Toyota Leads

Japanese companies have significantly increased their research and development (R&D) spending for the 15th consecutive year. Toyota Motor Corporation has maintained its position as…

Rayong Leads with the Highest Number of Industrial Factories in June 2024

New factories were licensed in June 2024, totaled 183 factories. Rayong was the province where 23 new factories opened, the largest number with the total capital of 1,300.70 milli…

Car Certification Fraud Exposes Industry Systemic Issues

Fraud in automobile-type approvals applications is sending ripples through the industry. The incident, which began at Daihatsu Motor has spread to five domestic passenger car manuf…

Thailand Car Production Drops 16.19% in June 2024 Due to Decrease in Domestic Sales Production

Thailand's vehicle production in June 2024 totaled 116,289 units, marking a 20.11% decline from the previous year and a 7.82% drop from May. The main factor was a significant reduc…

Japan's Construction Industry Embraces Wood for a Sustainable and Carbon-Neutral Future

CLT is fireproof, earthquake-resistant, and highly durable, contributing to decarbonization. The use of wooden construction and wood-based buildings is rising in the non-residentia…

Gartner Forecasts Worldwide AI Chips Revenue to Grow 33% in 2024

Revenue from AI semiconductors globally is expected to total $71 billion in 2024, an increase of 33% from 2023, according to the latest forecast from Gartner, Inc.

Chonburi Leads with the Highest Number of Industrial Factories in May 2024

New factories were licensed in May 2024, totaled 171 factories. Chonburi was the province where 23 new factories opened, the largest number with the total capital of 2,638.07 mill…

Electronic Components Boom! 7 Companies See Profit Growth as Electric Vehicles Drive Demand

Full-year forecasts for eight electronic component companies: seven increase in profits for the current period; automotive applications remain strong.

Thailand Car Production Drops 16.19% in May Amidst Economic Slowdown and EV Readiness Concerns

Thailand's vehicle production in May 2024 reached 126,161 units, a 16.19% decline from last year. The decrease is attributed to subdued domestic sales, sluggish economic growth, an…

Japanese Machinery and Tool Giants Forecast Strong Growth

Top Japanese machinery and tool companies are projecting growth in 2024, fueled by increased investments in semiconductors and electric vehicles.

Introducing BOI Consulting Service

BOI Consulting Service is designed to assist you in obtaining investment promotion from the Board of Investment (BOI). Our comprehensive services include evaluation, document prepa…

Toyota Develops New Efficient 1500cc and 2000cc Engines for Electrification

Toyota achieved record profits in fiscal year 2023 due to stable new car sales, particularly hybrid vehicles, in North America, Europe, and Japan. Continuous product improvements a…

Toyota Posts Record Profits as Hybrid Car Sales Surge in North America, Japan, and China

Toyota achieved record profits in fiscal year 2023 due to stable new car sales, particularly hybrid vehicles, in North America, Europe, and Japan. Continuous product improvements a…