Key facts
- Mitsubishi Motors will invest an additional 16 billion baht ($470 million) in Thailand by 2030.
- The investment aims to make Thailand a production and export hub for electrified vehicles.
- The company is considering producing electric pickup trucks and an electric Pajero SUV in Thailand.
- Thai Prime Minister Anutin Charnvirakul met with Mitsubishi Motors CEO Kato Takao to discuss the investment.
- Mitsubishi Motors has a long-standing presence in Thailand, having invested over 100 billion baht and exported over 5 million vehicles.
Mitsubishi Motors is set to invest an additional 16 billion baht, approximately $470 million, in Thailand by 2030. The Japanese automaker intends to leverage its existing operations in the country to establish a global production and export hub for electrified vehicles, aligning with Thailand's strategic focus on the growth of electric mobility.
During a meeting with Thai Prime Minister Anutin Charnvirakul, Mitsubishi Motors CEO Kato Takao reaffirmed the company's commitment. The investment will primarily support the development of electric vehicle technology, with plans to study the production and export of electric pickup trucks and an electric version of the Pajero SUV from Thailand. This move underscores Thailand's importance as a key manufacturing base for the automotive industry's energy transition.
Prime Minister Anutin expressed appreciation for Mitsubishi Motors' continued investment, highlighting the company's 65-year presence in Thailand. To date, Mitsubishi Motors has accumulated over 100 billion baht in investments and exported more than 5 million vehicles from the country. The Thai government, through initiatives like "Thailand FastPass," is committed to reducing investment barriers and strengthening the local supply chain by promoting the use of local content and labor to ensure the automotive sector's long-term competitiveness.