Japanese automaker Mitsubishi Motors is set to make a significant investment in Thailand's electric vehicle (EV) sector, with a reported Bt16 billion ($450 million) commitment by 2030. According to a recent report, the investment will play a crucial role in supporting Thailand's ambitious EV goals, which aim to make the country a major hub for electric vehicle production and sales in Southeast Asia. Mitsubishi's move comes as Thailand seeks to reduce its reliance on fossil fuels and meet its target of having 30% of its new car sales be electric by 2030. With this investment, Mitsubishi is likely to strengthen its presence in the Thai market and capitalize on the growing demand for eco-friendly vehicles.
Mitsubishi Motors to Invest Bt16bn in Thailand’s EV Push by 2030 – report Just Auto
