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Thailand’s Prime Minister Srettha Thavisin on Sunday said that the Asian country expects to receive at least $5B investment from Microsoft (NASDAQ:MSFT), Alphabet’s (NASDAQ:GOOG) (GOOGL) unit Google, and Tesla (NASDAQ:TSLA), Reuters reported.
Thavisin did not disclose if the $5B was expected to be a combined investment or made individually by each company.
“Tesla would be looking into an EV manufacturing facility, Microsoft and Google are looking at data centres,” said Thavisin, who was speaking to reporters in Bangkok after attending the U.N. General Assembly in New York where he also held discussions with company executives earlier this week, the report added.
Srettha had talked with Tesla CEO Elon Musk last week about the electric vehicle, or EV, sector, accoring to a separate report from Reuters last week.
Thailand — whose economy is anticipated to grow by 2.8% this year, less that previous forecast — has been offering incentives to EV and battery manufacturers, and tax cuts to local EV buyers, to remain a regional auto centre, according to the report.
