Mitsubishi Motors confirmed plans to begin production of plug-in hybrid electric vehicles (PHEVs) in Thailand in the next fiscal year ending in March 2021, according to local reports.
The Japanese automaker's local subsidiary, Mitsubishi Motors (Thailand), will produce the vehicles on the site of its current Laem Chabang plant in Chon Buri province, where it makes Triton pickup trucks, the Pajero Sport SUV and also passenger cars.
Go deeper with GlobalData
The company earlier this year was granted incentives by the Thai Board of Investment (BoI) on investments worth THB3.1bn (US$100m), the fourth automaker to qualify after Mercedes-Benz, BMW and SAIC Motor-CP according to the reports.
Mitsubishi Motors did not reveal which model it will produce but earlier this month it launched the Outlander plug-in hybrid at the Gaikindo Indonesia International Auto Show.
The automaker is still waiting for approval for further incentives from the BoI on investments worth THB11bn for the production of three electric vehicle models, according to deputy prime minister Somkid Jatusripitak.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
