Mitsubishi Motors' decision to invest P7 billion in the Philippines to produce hybrid vehicles has sparked curiosity, particularly given the country's higher production costs compared to neighboring Thailand or Indonesia. The move is seen as a strategic gamble, with analysts speculating that the Japanese automaker may be eyeing the Philippines as a hub for regional production, capitalizing on the country's proximity to key markets in Southeast Asia and the Pacific. With the Philippines' growing demand for eco-friendly vehicles, Mitsubishi may be positioning itself to meet this increasing need, potentially reaping long-term benefits from its investment. However, the high production costs in the Philippines raise questions about the company's motivations and whether the investment will ultimately pay off.
Why would Mitsubishi Motors pour P7 billion into making hybrid vehicles in the Philippines, when it is still much cheaper to build cars in neighboring Thailand or Indonesia? facebook.com
