SUBCON Thailand 2024 draws 7 EV companies to participate, expected connected value of more than 20 billion.

BOI joins forces with the Thai Subcontracting Promotion Association (Thai Subcon) and Informa Markets to organize the international industrial parts exhibition “SUBCON Thailand 2024” along with opening a business matching stage. Connecting Thai entrepreneurs with global supply chains Raising the potential to be “ASEAN’s largest industrial parts procurement and subcontracting center” aims to match more than 9,000 business pairs, expected to create connected value of more than 20 billion baht.

Date: April 24, 2024 Mr. Narit Therdsatheerasak Secretary General of the Board of Investment (BOI) revealed that BOI together with the Thai Subcontracting Promotion Association (Thai SUBCON) and Informa Markets Thailand Company are preparing to organize SUBCON Thailand 2024 continuously. Year 18 under the concept of “The Global Sourcing Excellence”, highlighting the potential of being the largest center for purchasing and subcontracting the production of industrial parts in the ASEAN region.

It brings together manufacturers and buyers of industrial parts both domestically and abroad in one event. It is considered an important meeting point for purchasing parts in various industries such as automobiles and electric vehicles. electronics electrical appliance machinery Automation and Robotics medical equipment aircraft maintenance and defense industry

For the BOI Symposium: EV Supply Chain, it is an important activity where the BOI will bring 7 major EV car manufacturers investing in Thailand, namely BYD, MG, Great Wall Motor, Neta, Changan, GAC Aion and Chery, to present the direction of the EV industry. Including plans to procure parts within the country. To help create business opportunities for domestic parts manufacturers, especially Thai SMEs, to enter the EV industry supply chain, along with elevating Thailand to become a leading electric vehicle production center in the world.

The highlight of this year’s event is the business matching activity between Thai parts entrepreneurs and major companies from both inside and outside the country. The target is set at 9,000 pairs, expected to create connected value of more than 20 billion baht, along with a special activity “BOI Symposium: EV Supply Chain” which will feature leading electric vehicle companies. Come join in expressing your vision for the development of electric vehicles. Including purchasing plans and supporting the use of domestic parts.

In addition, the event will showcase supporting industries of Thailand and the ASEAN region. Exhibition of parts from domestic and international buyers who wish to procure from subcontractors (Buyers’ Village), display of innovation and new technology (Innovation Showcase), as well as seminars to enhance knowledge and Business opportunities for industrial entrepreneurs

Mr. Kiattisak Chirakachornwong, President of the Thai Subcontracting Promotion Association, said that the Thai Subcontract Association It is an important cog in the development of the country’s parts manufacturing sector. There are more than 500 member companies. We recognize that this industry never stops. Entrepreneurs must develop themselves all the time. Both production technology Marketing direction Must follow and adapt to keep up with new industries that are emerging.

Therefore, in addition to parts in the automotive industry that are the main customers of members, It is necessary to support members to become manufacturers in all 5 New S-Curve industries, including the medical device industry, aviation, and national defense. Currently, there is also the electric vehicle industry, which is new and challenging for the association. The duty of the association is to make EV a good opportunity for members. With the support of the BOI

Mr. Sanchai Numbunnam, General Manager of Informa Markets Thailand, said that SUBCON Thailand is another important regional stage. To connect opportunities for Thai entrepreneurs, both manufacturers Industrial parts distributor As well as those involved in the parts purchasing industry from around the world had the opportunity to meet and make business matches.

Especially the target industry groups that the government is accelerating. as well as electric vehicles And the event will be held in conjunction with INTERMACH 2024 on an exhibition area of ​​over 25,000 square meters, bringing together 2,200 leading brands from over 45 countries to exhibit at the event. Along with important seminar topics such as the BOI Symposium featuring 7 leading electric vehicle brands in the world. Sharing technology and trends in the use of electric vehicle parts, BCG Model, Carbon Neutral EP.4, INTERMACH Forum: IAR series, etc. This year it is expected that there will be over 47,000 attendees.