Picture this: a dynamic convergence in the heart of China, where automotive ingenuity meets financial acumen. Chongqing, China recently played host to a remarkable gathering as Infinite Automobile Co., Ltd., championed by President Anuwat Intraphuvasak, teamed up with Changan Auto Sales (Thailand) Co., Ltd. to welcome executives from seven of Thailand’s foremost banks for an illuminating tour of Changan Automobile’s factory and cutting-edge R&D center. Spanning three whirlwind days from February 9 to 12, 2025, this visit promised not just the allure of cutting-edge electric vehicle (EV) technology, but also a glimpse into a future shaped by collaboration.
Representatives included key figures from:
- Krungsri Ayudhya Bank Public Company Limited (fondly known as “Krungsri Auto”)
- Siam Commercial Bank Public Company Limited
- Tisco Bank Public Company Limited
- TTB DRIVE by TMBThanachart Bank Public Company Limited
- ICBC (Thai) Leasing Company Limited
- Kasikorn Leasing Company Limited
- UOB Bank Public Company Limited
The agenda was electric with excitement and innovation. As these banking leaders explored Changan’s state-of-the-art production lines and R&D facilities, they were treated to a masterclass in groundbreaking EV technology. From sleek production lines to advanced vehicle testing grounds, the executives garnered insights into Changan’s pioneering vision for innovation and sustainability. Such opportunities for knowledge exchange served to fortify strategies for business development, nurturing a synergy between the automotive wizards and financial maestros that’s set to supercharge Thailand’s burgeoning EV market.
This enterprising alliance heralds a shared commitment by Infinite Automobile, Changan Auto Sales (Thailand), and key financial institutions to expand Thailand’s EV market landscape. By planting financial feet firmly in technological terrain, this initiative lays the groundwork for exhilarating new car models, diversified financing options, and enhanced consumer accessibility, all fueling the roaring engine of industry growth. It’s not just about cars; it’s about driving an evolution.
Changan’s robust market performance in recent years underscores a burgeoning trust and rising demand for alternative energy vehicles in Thailand. Infinite Automobile’s current roster includes five stellar Changan EV models blazing through Thailand:
- AVATR 11, proudly showcased at the AVATR Siam Paragon and AVATR Rama 3 showrooms.
- DEEPAL E07
- DEEPAL S07
- DEEPAL L07
- LUMIN
The DEEPAL and LUMIN models grace Infinite Automobile’s nationwide network of 30 dealerships, ensuring that EV enthusiasts across Thailand can indulge in their eco-friendly aspirations.
Amidst the innovative buzz, executives found ample time for strategic discussions and the exchange of business acumen at the Changan Automobile Research and Development Center. Photo ops were aplenty, featuring smiling executives and dignitaries like Mr. Shen Xinghua, Managing Director and President of Changan Auto Sales (Thailand) Co., Ltd., and Mr. Anuwat Intraphuvasak, the spirited President of Infinite Automobile Co., Ltd.
As these sophisticated minds posed for group photos, it wasn’t just about capturing a moment – it was about commemorating a strategic sojourn into an electrifying future of automotive advancement and financial synergy. Indeed, this episode marked a pivotal chapter in the annals of automotive history, celebrating an alliance powered by innovation, ambition, and the relentless pursuit of a brighter, greener tomorrow.
This is amazing for Thailand and the world! Finally, a push towards genuine sustainability in the auto industry.
But are these banks really interested in sustainability, or just in their profits?
Good point, Sally. However, profit and sustainability don’t have to be mutually exclusive.
Banks can drive sustainability by investing in it. When they see value in green initiatives, it’s a cycle promoting more sustainable solutions.
If only it were that simple. We have to watch for greenwashing.
Changan’s advances are impressive, but shouldn’t we also be investing more in public transport instead of just personal EVs?
Absolutely agree. Public transport can reduce congestion and is generally more sustainable than personal cars, even if they are electric.
True, but the reality is many people will still prefer the flexibility of personal vehicles. We need both developments.
Makes sense! A comprehensive transport strategy should balance personal and public solutions.
I’ve seen some of the Changan models here, and they look sleek. Would love to test drive the AVATR 11!
Watch out, they’re flashy, but check the range before committing. Sometimes the specs on paper don’t match real-world performance.
Good point, RoadRunner. Range anxiety is real. Pity if it doesn’t live up to expectations.
This collaboration with Thai banks is a smart move. Financing options are crucial for widespread EV adoption!
True, but only if the financing products are accessible and fair to everyone, not just high-income earners.
Totally inspired by Changan’s push for a greener future. These stories remind me of how critical the green transition is globally!
I’m curious about the tech in these Changan factories. Are they using AI and robotics heavily? That’s the future right there.
Absolutely, AI is paramount in advancing production efficiency. I suspect Changan is on the cutting edge.
Interesting to see Thai banks venturing into the EV space. Could be a game-changer for their business models.
But how will this impact traditional car financing? Banks might face losses in some market segments.
True, but change often requires risk. Forward-thinking will be necessary for them to remain relevant.
I hope these developments mean more affordable EVs in the near future. Right now, many are too costly for the average driver.
Another corporate stunt to boost share prices. Let’s see if any benefits trickle down to us ordinary citizens.
You’ve got a point. Oftentimes, these developments sound great on paper but don’t translate into real-world benefits for everyone.
Will Changan’s R&D lead to new energy breakthroughs beyond vehicles? Could revolutionize the whole energy landscape!
The potential is there. Transitioning automotive advances to energy tech would be monumental.
It’s nice to see Thailand catching up in the EV game. Makes me hopeful for a cleaner future amidst all the pollution!
Hopefully, it happens before the air quality gets worse. We need these solutions now!
What we should really be asking is what this does for Changan’s global competitiveness. Engaging Thailand could be a smart entry point into Southeast Asia.
I wonder how local car manufacturers feel about this Thai-Changan partnership. Are they worried about losing market share?
It’s a disruptor for certain, but it might also spark healthy competition leading to better quality vehicles overall.