The Thailand Board of Investment (BOI) today approved the introduction of a new investment promotion category covering service centers for the repair, repack, and reuse of used electric vehicle (EV) batteries and energy storage systems, that further complements the BOI’s comprehensive EV supply chain policy and incentives.

Another new category was approved to support the data hosting business, to match the rising demand for this type of activity and complement the investment incentives already offered to support the development of the digital industry.

The Board also approved a new promotion package for Quarantine Facilities for Animals for export to help improve quarantine and certification services for international trade of livestock.

Moreover, the Board also approved new incentives for automotive parts makers investing to upgrade their technological level and improve their productivity, and/or invest to transition their operations to serve new industries, such as the medical equipment or aviation sectors.