Bangkok, 19 December 2025 – Prospect Development Co., Ltd. (PD), Thailand’s leading developer in industrial and warehouse sector and the No.1 operator in Thailand's Free Zone, announced a landmark agreement with YADEA Technology (Thailand) Co., Ltd. (“YADEA”), the world’s leading electric two-wheeler manufacturer from China. YADEA, recognized as the global sales leader in the electric motorcycle market, will lease its first production facility in Thailand within the Bangkok Free Trade Zone 1 (BFTZ 1), located at Bangna-Trad KM.23, Samut Prakan, covering over 9,582 square meters in the General Zone.

The new facility will enhance YADEA’s production capacity to meet the rapidly growing demand for electric motorcycles domestically and regionally, with an initial capacity of 150,000 units per year, aiming to scale up to 600,000 units per year within 3 years. The project underscores Thailand’s strategic position to accommodate the continued entry of foreign manufacturers establishing production bases.

YADEA is committed to enhancing the global user experience and advancing itself as a world-class organization. The company currently employs over 100 staff in Thailand, more than 80% of whom are Thai, and now expanded to over 70 branches nationwide and continue to steadily grow the branch network and service centers to support business expansion and enhance customer service. The company has received registration approval for 6 electric motorcycle models, while continuing to import products from China, ensuring reliable quality standards while building a comprehensive after-sales service system and developing a local supply chain.

Mr. Mei Nongying, Production Manager of YADEA Technology (Thailand) Co., Ltd., stated “YADEA selected Thailand as its primary manufacturing hub due to its strategic importance in our global expansion and the potential of the Southeast Asian. We prioritize efficient operations and regulatory compliance. The BFTZ 1 project meets all our requirements, providing industrial estate-level standards, high-standard operational systems, one-stop service, and proximity to leading industry clusters. The PD team’s responsiveness enabled us to commence operations on schedule. Additionally, BOI investment incentives offer tax benefits such as corporate income tax exemptions and duty exemptions for machinery and raw materials, reducing production costs and enhancing our regional competitiveness."

YADEA’s trust reflects confidence in PD’s expertise as a high-quality industrial property developer and operator. PD offers a range of industrial spaces—from warehouses and ready-built factories to customized built-to-suit solutions—allowing tenants flexible and timely use of space. The leased facility for YADEA is a large-scale ready-built factory, elevated (raised-floor) with loading dock levelers, constructed to high-quality standards to ensure efficient production processes.

Ms. Rachanee Mahatdetkul, Managing Director of Prospect Development Co., Ltd., added, “We are truly delighted by the confidence YADEA has placed in us. This collaboration highlights the key strengths of BFTZ 1, including its strategic industrial and logistics location, comprehensive utilities, and full-service support for tenants. At PD, we are committed to delivering more than just space; we aim to be a true partner in our customers’ growth. The lease agreement was successfully finalized in record time, following initial negotiations in Q4/2024, contract signing in early 2025, and production commencement in Q2/2025. YADEA’s clear expansion plans and strong understanding of factory establishment were instrumental in this achievement. This milestone serves as a significant driver in strengthening Thailand’s EV ecosystem, and PD will continue enhancing our projects and services to support sustainable growth for both local and international investors.”

To meet the growing demands of industry and foreign investment (FDI), PD is expanding its industrial portfolio through two main business lines: warehouse and factory leasing under the Bangkok Free Trade Zone (BFTZ) projects, currently encompassing ten projects with over 1 million sq.m. of rental space, targeting 2 million sq.m. Additionally, Bangpakong Industrial Estate, approximately 1,000 rai in the Eastern Economic Corridor (EEC) along Bangna-Trad Km.55 in Chonburi Province, is expected to open in 2027. This expansion strengthens PD’s industrial real estate portfolio to serve businesses of all sizes and sectors.

YADEA’s establishment of its first manufacturing base in Thailand is expected to stimulate investment in the regional electric vehicle supply chain. While PD, as the frontline facilitator for foreign investors, will continue to play a key role in driving the growth of Thailand’s industrial ecosystem, ensuring sustainable development for all stakeholders.