Mitsubishi Motors Announces Bt16 Billion Investment in Thailand's EV Sector by 2030
Mitsubishi Motors is set to invest approximately $473 million (Bt16 billion) in Thailand through 2030, focusing on electric vehicle technology and production. The investment aligns with the country’s push toward electrification and includes plans for manufacturing pickup trucks as well as an electric version of its Pajero SUV. Thailand is a key automotive hub in Southeast Asia, home to major manufacturers like Toyota, Honda, and BYD. Japanese automakers are increasingly under pressure from rising Chinese EV brands such as Xpeng, which recently explored setting up operations in the country. The Thai government has also approved significant investments by other firms, including Isuzu Motors. Mitsubishi’s Pajero model is returning to international markets after a five-year absence and will be unveiled globally later this year.
Topics: electric vehicles foreign investment Thailand automotive industry