BANGKOK — Thailand's leading private auto parts maker says local suppliers and Japanese automakers still have at least four years to adjust to the arrival of Chinese rivals, who have sparked a price war in the country with zero-tariff imported electric cars.
Thai component makers have warned the sector is doomed after struggling to secure orders from Chinese brands such as BYD, which could be sourced from China. Meanwhile, longtime Japanese customers are either cutting production or closing factories, as Honda Motor will do next year.