Nissan Motor is set to launch a THB11bn (US$323m) investment programme to produce plug in hybrid vehicles Thailand, according to local reports.
The company plans to begin production of hybrids at one of its two plants in Samut Prakan, on the outskirts of Bangkok, by the end of 2020 with the support of tax exemptions under the Thai government's Board of Investment privileges.
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Nissan is looking to catch up with other Japanese automakers, such as Honda and Toyota, which have already launched plug in hybrid vehicle production in Thailand in the last two years.
Nissan did not reveal which models featuring its e Power electric drive technology would be produced in Thailand but the vehicles are expected to be sold across south east Asia under the ASEAN free trade agreement.
The investment would go towards refurbishing one of its existing assembly lines as well as to build an EV battery production facility.
Nissan's two assembly plants in the country have a combined annual production capacity of 370,000 vehicles and employ 5,000 people.
