B150bn splash out to move EV production
Four major Japanese carmakers will invest 150 billion baht in Thailand’s electric vehicle (EV) industry over the next five years, government spokesman Chai Wacharonke said on Monday.
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, he said, citing information from the Board of Investment.
Mr Chai said the production of electric pickups will ramp up over the next few years as investment from the Japanese carmakers supports Thailand’s transition from combustion engines to EVs.
This follows talks between Prime Minister Srettha…
