Chinese electric vehicle (EV) manufacturer SAIC Motor-CP held a groundbreaking ceremony on Sunday for its New Energy Industrial Park in Thailand, with an aim to expand its electric vehicle capacity in Southeast Asia.

The Park in Chon Buri province covers an area of 120,000 square meters and will comprise a factory facility for the development of battery modules, the production line for MG electric vehicles and the area for partnership development of MG car parts.

Furthermore, there will also be a container storage area and a new logistics warehouse to ensure better capacity and to reduce logistics- related costs.

With an investment budget of 500 million baht($14.65 million), the plan reaffirms the company's vision as the pioneer and leader in electric vehicles in Thailand.