Image: XpengThe new development comes from a recent report in the Bangkok Post, which states that Xpeng has initiated a feasibility study to set up a production facility in Thailand. It expects to make a final decision within one to two years.Apiwan Singthaweesak, the CEO of Xpeng Thailand, stated that Xpeng is evaluating investment opportunities in the country and that localisation discussions also involve a local company. This suggests that the Chinese EV maker could be looking at forming a joint venture. In Indonesia, it has outsourced production of the X9 to Handal Indonesia Motor (HIM).Speaking further, Singthaweesak indicated that Xpeng sees a strong future for EVs in Thailand and highlighted that government incentives have helped attract investments from both Asian and Western automakers. The company also suggested that rising fuel costs linked to the ongoing conflict in the Middle East could further boost EV adoption.Last year, EV sales in Thailand grew by 80.27 per cent to 120,301 units.This year, Xpeng is expecting the volume to more than double to around 250,000 units. The company sold 3,000 units last year and has set a target of 6,000 units this year. It expects the growth to largely come from the MPV segment, in which the X9 is currently its only product.Xpeng currently sells two models in Thailand: the G6 and the X9, both available exclusively as pure electric variants. The mid-size SUV coupe’s prices start at 1.189 million baht (approx. 31,600 euros) and go up to 1.489 million baht (approx. 39,500 euros), while the minivan’s prices range between 2.399–2.799 million baht (approx. 63,700–74,300 euros). The company sells these EVs through 20 showrooms across the country, and it plans to open three more sales locations this year.bangkokpost.com