Mitsubishi Motors to Invest Bt16bn in Thailand’s EV Push by 2030 – report

Mitsubishi Motors is acceptable to put Bt16bn ($473.23m) successful Thailand by 2030, backing the automotive sector's determination towards electrical vehicles (EVs).

Thai authorities spokesperson Lalida Perisvivatana told Reuters that the backing volition beryllium channelled into EV technology.

The Japanese carmaker is presently assessing options for manufacturing and exporting pickup trucks, alongside processing an electrical variant of its Pajero sports inferior vehicle, with Thailand positioned arsenic the accumulation hub for these plans.

Thailand, ranked arsenic Southeast Asia's second-largest economy, is already location to a clump of large conveyance manufacturers, including Toyota, Honda and China's BYD.

According to GlobalData, the genitor institution of Just Auto, the state offers a heavy supplier base, export-oriented manufacturing infrastructure and argumentation enactment for electrified vehicles.

At the aforesaid time, Japanese automakers are nether unit to respond to the accelerated enlargement of Chinese EV brands successful the market.

Mitsubishi revealed successful May that the Pajero nameplate would instrumentality to planetary markets, with the all-new cross-country SUV retaining the Pajero sanction up of its satellite premiere acceptable for autumn 2026.

The exemplary had been pulled from overseas markets backmost successful 2021, meaning its reappearance marks the archetypal clip it volition beryllium sold globally successful fractional a decade.

In April, Thailand gave the go-ahead to concern proposals worthy Bt15bn from Isuzu Motors (Thailand) Company.

Isuzu is Thailand's second-largest conveyance shaper aft Toyota, acknowledgment to its beardown pickup motortruck operations and its beardown beingness successful the section motortruck market. The institution produced adjacent to 172,000 vehicles successful the state past year, with pickup trucks accounting for astir 76% of output.

In a further improvement from April, Chinese artillery EV shaper Xpeng Group indicated it was exploring plans to acceptable up a manufacturing installation successful Thailand.

A conclusive determination connected Xpeng's projected concern is yet to beryllium announced.

"Mitsubishi Motors to Invest Bt16bn successful Thailand's EV Push by 2030 – report" was primitively created and published by Just Auto, a GlobalData owned brand.