Japan automakers to invest B150bn in Thailand over 5 years: govtFILE PHOTO: A Toyota EV car is seen at the Bangkok International Motor Show in Bangkok, March 30, 2022. (Reuters)Major Japanese auto manufacturers will invest 150 billion baht in Thailand over the next five years, a government spokesperson said on Monday, supporting the country's transition to making electric vehicles. Toyota Motor and Honda Motor will invest about 50 billion baht each, while Isuzu Motors will invest 30 billion baht and Mitsubishi Motors 20 billion baht, spokesperson Chai Wacharoke said, adding this would include the production of electric pickup trucks. Japanese manufacturers have dominated the Thai auto sector for decades, but Chinese EV makers have recently been making large investments. The investment by the Japanese automakers will support the government's policy of transitioning from combustion engine vehicles to EVs, Mr Chai said.

Source: Bangkok Post December 25, 2023 17:18 UTC