📊Executive Summary

Delta Electronics, a leading manufacturer of electric vehicle (EV) power electronics, is expanding its operations in Thailand by launching a new R&D center and a dedicated plant for its EV business. This expansion comes at a time when the EV market is experiencing a slowdown in the West, indicating a strategic pivot to maintain growth in a challenging environment. The company's efforts to enhance its capabilities in Thailand could impact procurement strategies for components related to EV production, especially as the global demand landscape shifts....