Subaru ends joint venture with Chen Chang Group and closes Thailand plant

Subaru Motors has decided to end its joint venture with the Chen Chang Group and close its production plant in Thailand by the end of the year, while laying off existing production workers. The new plant has been in operation for only five years, but it has been unable to maintain normal operations due to insufficient production and low efficiency. Subaru is facing competitive pressure in the new energy vehicle market, and the road to transformation is full of challenges.