Nissan Motor confirmed it was investing THB10bn (US$328m) this year to upgrade its production facilities in Thailand.
The announcement was made by Nissan Motor Thailand president Ramesh Narasimhan at the launch of the redesigned Navara pickup truck.
Thailand has become the automaker's main production hub in south east Asia following its decision earlier this year to close its two plants in Indonesia.
The investment in Thailand is scheduled to be completed by the end of this year, with new equipment being installed to accommodate production of new models including electric vehicles for sale domestically and for export.
Earlier this year the company announced plans discontinue three models in Thailand, the Sylphy and Teana passenger cars and the X-Trail SUV, to make way for the new models.
Capacity at Nissan Motor Thailand's two plants in Samut Prakan will remain unchanged at 250,000 units/year combined, according to Mr Narasimhan, despite the company having announced it will hire 2,000 additional workers.
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 GlobalDataNissan sold 33,000 vehicles in Thailand in the first nine months of 2020.
Thailand to strengthen position as production hub – analyst
Nissan expands production in Thailand