Part 10/16:
Thailand, dubbed the "Detroit of Asia," exemplifies the duality of this transition. Once a thriving automotive hub with annual production surpassing 2.4 million vehicles, recent years have seen a sharp decline. In 2023, production halved to about 1.4 million units, affected by the retreat of Japanese automakers like Subaru and Nissan, as well as the sudden rise of Chinese EV manufacturers like BYD.