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Japanese electric car factory this year

A four-seater compact EV developed by FOMM is on show. PAWAT LAOPAISARNTAKSIN

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Battery powered electric vehicle factory producing cars for 300,000-400,000 baht with exports by 2018.

ELECTRIC CARS

Japanese electric car factory this year

Production set to kick off in June next year
22/05/2017
Piyachart Maikaew

Japan is leading the charge in investing in Thailand's electric car market of the future.

Japan's FOMM Corporation is scheduled to start the construction of an assembly plant for its compact electric vehicles (EVs) at Amata Nakorn Industrial Estate this year.

Production is expected to kick off by June next year (read earlier article on this project here).

5,000 ELECTRIC VEHICLES (EVS) TO BE PRODUCED PER YEAR FOR STARTERS

Chief executive Hideo Tsurumaki said the plant, which has an investment cost of about US$6 million (206 million baht) will make 5,000 units of compact EVs a year.

Founded in 2013 and based in Kawasaki, Japan, FOMM Corporation develops and manufactures four-seater electric vehicles.

The company also designs and develops micro electric vehicles.

It provides technical consultancy services for micro electric vehicles and designs and develops electric vehicle components (EV car parts), as well as offering engineering consultancy services.

JOINT VENTURES FOR RESEARCH & DEVELOPMENT (R&D) IN THAILAND

The company successfully developed its first and second prototypes for EVs in 2014 under a US$6-million development budget.

FOMM set up a joint venture company in Thailand, FOMM Asia, in February last year to take care of research and development (R&D), manufacturing, and marketing and sales, and run the EV production facility.

With registered capital of 360 million baht, FOMM Asia is 49.9% equally held (owned) by FOMM and Trinex, and 0.2% by Kusumoto Chavalit and Partners Co.

INVESTMENT PRIVILEGES FROM GOVT

Mr Tsurumaki said the company is now studying the details of the investment privileges offered as an incentive for investing in Thailand by the Board of Investment (BOI),.

The BOI is the government agency in charge of providing incentives for investment in Thailand's economy.

In March, the BOI approved promotional privileges for EVs, including tax holidays of 5-8 years.

The privileges focus on the production of hybrid electric vehicles (HEVs), plug-in electric vehicles (PHEVs) and battery electric vehicles (BEVs).

EV CAR PARTS TO ALSO GET BOI PRIVILEGES

The BOI added 10 more important EV parts that will enjoy corporate income tax exemption for eight years.

They include batteries, traction motors, battery management services, EV smart charging systems, DC/DC converters, inverters, portable electric vehicle chargers and electrical circuit breakers.

"We believe the packages will be good for FOMM, now that we plan to localise EV production [produce locally in Thailand]," he said.

EV PRICE: 300,000 TO 400,000 BAHT

Mr Tsurumaki said, FOMM's main focus would be only on battery- powered electric vehicles (BEVs) for which it already has a prototype compact EV.

Due to a higher production cost, FOMM compact EVs are estimated to cost more than earlier expected, from 300,000- 400,000 baht each, he said.

He has set a local sales target of 4,000 units in 2018, 16,000 in 2019, 30,000 in 2020 and 40,000 in 2021.

EV EXPORTS FROM THAILAND BY 2018

The company also plans to start exporting to Asean and Europe in 2018.

http://www.bangkokpost.com/business/news/1253962/fomm-to-make-evs-in-new-thai-plant

http://www.bangkokpost.com/learning/advanced/1062141/japanese-electric-cars-coming-to-thailand-soon

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Vocabulary:

agency (noun): a government department that provides a particular service - หน่วยงานราชการ

approve : to give official permission - อนุมัต

assembly (noun): the process of putting together the parts of something such as a vehicle or piece of furniture - การประกอบ

based in : the main place they work at is -

battery (noun): a device that is placed inside a car engine, clock, radio, etc. and that produces the electricity that makes it work - แบตเตอรี่, ที่กำเนิดไฟฟ้า

Board of Investment (BOI) (noun): an agency of the Government of Thailand to promote investment in the country - สำนักงานคณะกรรมการส่งเสริมการลงทุน

budget : an amount of money able to be spent on something - งบประมาณ

charge (verb): putting electricity in the battery of a mobile phone, computer or other electronic device so that you can use it without being plugged in -

charger : a device that puts electricity into the battery of a mobile phone, computer or other electronic device so that you can use it without being plugged in -

chief executive : the person with the highest rank in a company or an organisation - ผู้บริหารสูงสุด

circuit : the complete path of wires and equipment along which an electric current flows - วงจรไฟฟ้า

compact : using or filling only a small amount of space; smaller than is usual for things of the same kind - ที่ใช้เนื้อที่น้อย, ที่อัดแน่น

component : a part which combines with other parts to form something bigger - ส่วนประกอบ,ส่วนเสริม

construction : the work of building or making something, especially buildings, bridges, etc. - การก่อสร้าง

consultancy : the service of providing expert advice and help in some area - ปรึกษา, ปรึกษาหารือ

converter : a device or system used to change something from one form to another form - เครื่องมือที่ใช้ในการสับเปลี่ยน

corporate : involving large companies - บริษัทใหญ่

corporation : a large business company - บริษัท

cost : an amount of money that people need to pay for something - ค่า

detail (noun): the small facts or features of something - รายละเอียด, ส่วนเล็กๆ น้อยๆ, ส่วนย่อย

develop : to think of or produce a new idea, product, etc. and make it successful; to build new houses, factories, etc. on an area of land, especially land that was not being used effectively before - พัฒนา

due to : because of - เนื่องจาก

engineering (noun): the activity of applying scientific knowledge to the design, building and control of machines, roads, bridges, electrical equipment, etc - วิศวกรรมศาสตร์

estimated : thought to be a particular amount, size, etc. based on a guess or the best information available - ประมาณการ

exemption : permission to not have to do something, such as making a payment, following a rule, etc. - ข้อยกเว้น

expect (verb): to think or believe that something will happen or that somebody will do something - คาด, คาดว่า, คาดการณ์

facility (noun): a building, equipment, etc., used for a particular purpose - โรงงาน, สถานบริการ, สิ่งก่อสร้าง, สิ่งอำนวยความสะดวก

focus : to give attention, effort, etc. to one particular subject, situation or person rather than another - เพ่งความสนใจ

found : to start an organization, company, political party etc - สร้าง, ก่อตั้ง, สถาปนา

hybrid : a mixture of different things or styles - การผสมผสาน

in charge of : to be in a position of having control over somebody/something; having responsibility for somebody/something - ดูแล, รับผิดชอบ

incentive : something that makes you want to do something or work harder, because you know that you will benefit by doing this - สิ่งกระตุ้น

income tax (noun): the percentage of the money that a person or corporation earns that they pay to the government as tax - ภาษีเงินได้, ภาษีรายได้

industrial estate : an area of land where industrial companies have their buildings - นิคมอุตสาหกรรม

invest : to spend money on something in order to make it better or more successful - ลงทุน

investment (noun): the act of investing money in something - การลงทุน

joint venture : a business activity carried out by two or more companies or groups - การลงทุนร่วม

kick off : to begin an event; to launch - เริ่มต้น, เริ่มทำ

leading the charge : being the first to do something; "leading the charge" comes from the front horse rider in a cavalry attack or "charge" with horses in battle -

localise : to make a local version of some kind of media, such as a magazine or TV program -

locally : in or related to the area that you live, or to the particular area that you are talking about - ในท้องถิ่น, ในประเทศ

manufacture : to make and produce a product - ผลิต

manufacturing (noun): making and producing a product - การผลิต

micro (adj.): very small -

offer (verb): to make something available or to provide the opportunity for something - ให้, เสนอ

package : many goods or services sold together in one "package" -

partner : one of the people who owns a business and shares the profits, etc or works together with another business in an activity - หุ้นส่วน, ผู้ร่วมมือ,

plant : a factory; a factory that produces power or processes chemicals, etc. - โรงงาน

plug-in : to connect a piece of electrical equipment to the main supply of electricity or to another piece of electrical equipment - เสียบปลั๊ก, เสียบสายไฟ

power (noun): energy from electricity - พลังงาน, พลังงานกล,พลัง, กำลัง, แรง

privilege : a special benefit that is available only to a particular person or group - เอกสิทธิ์

production : the process of making goods or materials, especially large quantities - การผลิต

promotional (adj.): related activities done in order to increase the attendance at an event or sales of a product or service - การส่งเสริม

prototype (noun): a copy or version of a product made before it is produced in large quantities to show it to people - ต้นแบบ, ชิ้นงานที่สร้างขึ้นเป็นแบบฉบับเพื่อสร้างชิ้นงานอื่นให้มีลักษณะเดียวกัน มีรูปทรง ขนาดสัดส่วน โครงสร้างที่แสดงรายละเอียด สามารถใช้งานได้ตามที่ออกแบบไว้ทุกประการ วัสดุที่นำมาสร้างต้นแบบอาจเป็นวัสดุที่ใช้จริง หรือวัสดุทดแทนก็ได้

provide : to give someone/ something that they want or need - จัดหาให้, จัดเตรียมไว้ให้

registered capital : the total of the share capital which a limited company is allowed to issue to its shareholders - ทุนจดทะเบียน

research and development (R and D, R&D) : the process of taking ideas from science and engineering and turning them into new products (or new ways of making products) - งานวิจัยและพัฒนา, การวิจัยและพัฒนา การศึกษาวิจัยเพื่อให้ได้มาซึ่งความรู้ใหม่ๆ และการประยุกต์เอาความรู้ใหม่ๆ นั้นมาใช้เพื่อผลทางการค้า ความรู้ใหม่ๆ ที่ได้จากการวิจัยและพัฒนา อาจรวมอยู่ในผลิตภัณฑ์ชนิดใหม่ที่ผลิตออกมา หรืออาจจะออกมาในรูปผลิตภัณฑ์เดิมแต่มีคุณภาพดีขึ้นในราคาต่ำลง การวิจัยและพัฒนา [สิ่งแวดล้อม]

schedule : to arrange for something to happen at a particular time - ทำตารางเวลา, ทำกำหนดการ, กำหนดรายการ

successfully : achieved the goals you wanted to achieve or made a lot of money - มีผลสำเร็จ, ประสบผลสำเร็จ, ประสบชัยชนะ

take care of : to take action to solve a problem - รับมือกับ, จัดการกับ

tax holiday (noun): a period of time that a company does not need to pay taxes -

technical : connected with the skills needed for a particular job, sport, art, etc; connected with practical methods for doing something - ในทางเทคนิค

vehicle : a machine that you travel in or on, especially one with an engine that travels on roads, e.g., a car, bus, van, truck, etc. - ยานพาหนะ

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