AI AND EV BOOM DRAWS $690 MILLION IN ADVANCED MATERIALS INVESTMENT PLANS TO THAILAND

What happened: Since 2023, makers of capacitors, magnets and battery materials for AI servers and EVs have filed 35 advanced materials projects with Thailand's Board of Investment, covering MLCCs, graphite films, ceramics, battery and fuel-cell materials, and neodymium magnets. Key numbers: 35 projects worth about $690 million (23.5 billion baht), filed through the first Why it matters: The BOI frames the projects as a shift for Thailand from downstream assembly toward upstream, higher-value materials, reducing reliance on imports and letting Thai companies join higher-value supply chains.

Since 2023, makers of capacitors, magnets and battery materials for AI servers and EVs have filed 35 advanced materials projects with Thailand's Board of Investment, covering MLCCs, graphite films, ceramics, battery and fuel-cell materials, and neodymium magnets.

The BOI frames the projects as a shift for Thailand from downstream assembly toward upstream, higher-value materials, reducing reliance on imports and letting Thai companies join higher-value supply chains.