By submitting this form, you are agreeing to the Terms of Use and Privacy Policy.
Given the numerous incentives and advantageous local government policies that are being enacted recently, especially in Thailand and Singapore, Southeast Asian countries will be the next target market for EV commercialization.
There are about 3000 wires and 700 connectors in some modern automobiles’ nearly 40 separate harnesses. These wires, if disassembled and strung together in a line, would be longer than 2.5 miles and weigh about 132 pounds (60kg). Additionally, in order to support the expanded features and usefulness of future vehicles, OEMs will need to connect high baud rate networks with specialised wiring.
The Thailand EV Wiring Harness Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2024 to 2030.
The planned sale by Leoni AG to Bangkok, Thailand-based Stark Corporation Public Company Limited of its automotive standard and specialty cable business, which is a part of the Automotive Cable Solutions (BG AM) business group, is referred to as another significant step on the road to sustainable financial stabilisation.
By making this choice, they are improving the balance sheet, furthering the well-known strategic focus on the wiring systems industry, and assisting the ongoing refinancing discussions. With roots going back to 1968, Stark Corporation is one of the top producers of wire and cable to various sectors in Southeast Asia.