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A fortunate sign of EV revolution in Thailand emerges as Tesla has officially registered as a company in Thailand with an initial registration capital of THB 3 million. The registration will definitely affect the price of this luxury car in the Thai market, allowing it to be more accessible to more customers.

Tesla (Thailand) Co., Ltd. quietly registered in Thailand on April 25th to a business address at All Seasons Place on Witthayu, a registered subsidiary of electric vehicle (EV) manufacturer Tesla Inc.

This news follows in the wake of a number of preferential policies from Thailand’s authorities to push EVs, including a promise from the current government to make Thailand a hub for EV manufacturing and B3 billion to subsidize the price of electric vehicles.

The operation in Thailand will be overseen by three primary board members: Global Senior Director David Jon Feinstein, Chief Accounting Officer Vaibhav Taneja, and Tesla Asset Manager Yaron Klein. The arrival of this famous EVs come just in time for the Thai government’s policy to encourage the use of electric cars, leading to a reduction in income tax on EVs and an increased number of EV charging stations around Bangkok.

Thailand would be the first Southeast Asian country where Tesla would officially sell its vehicles. Tesla’s map still doesn’t show any planned service centers or Superchargers, which are generally the first sign of the company entering a new market.

Interestingly, Tesla has also registered in Thailand to sell its solar and battery products, which have been limited to the US for the most part.