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During a meeting with Thailand\u2019s Prime Minister, Ms. Paetongtarn Shinawatra, in Bangkok today, Mr. Masahiro Moro, President and CEO of Mazda Motor Corporation announced that the company will invest an additional 5 billion baht (ca US$150 million) in the country to establish Thailand as the manufacturing hub of its electrified compact Sport Utility Vehicle (SUV) product line, for sales in the domestic as well as export markets, a move that reaffirms Mazda\u2019s commitment and strong relationship with Thailand.<\/p>\n
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\u201cMazda\u2019s investment in an electrified compact SUV marks a significant step forward, and the start of a gradual transition to xEV production. With an additional investment of over 5 billion baht, Mazda aims to establish Thailand as the manufacturing hub for its electrified compact SUV products,\u201d Mr. Moro said. \u201cThe vehicles to be produced will be high performance compact SUVs that meet international standards, both in terms of environmental friendliness and hybrid technology. This large-scale comprehensive production investment is to support domestic sales and exports to Japan and other countries, such as ASEAN countries, targeting a production of 100,000 units per year.\u201d<\/p>\n
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\u201cThe announcement by Mazda Motor Corporation is a significant investment in the continued development of Thailand as a manufacturing hub for all segments of the automotive industry, and a great endorsement of our policies to support electrification in the sector, including all types of hybrid technology,\u201d Mr. Narit Therdsteerasukdi, Secretary General of the Thailand Board of Investment (BOI) who is also the secretary of the National Electric Vehicle Policy Committee (EV Board), said after the meeting. \u201cMazda\u2019s commitment to Thailand, and its confidence in the country\u2019s capabilities, comes just ahead of the roadshow the BOI will conduct in Japan next week and clearly demonstrates the potential for more Japanese investment in Thailand in the auto as well as other tech sectors.\u201d<\/p>\n
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Mazda, which has had a presence in Thailand\u2019s car market for over 70 years, has two manufacturing plants in the country, namely AutoAlliance (AAT), established in 1995 to produce passenger cars and commercial vehicles for both domestic and export sales, and Mazda Powertrain Manufacturing Thailand (MPMT), established in 2015 to produce engines and automatic transmission systems.<\/p>\n
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The additional investment announced today will focus on the key areas in both the AAT and MPMT plants, enhancing the vehicle production and assembly line to support future electrified products, and the production of engines, automatic transmissions, and powertrains, as well as the key components of electrified vehicles, including batteries. In addition, Mazda will continue to develop its local supplier network to enhance production capabilities and support future technologies which are significantly contributing to the development of Thailand\u2019s automotive industry, and economy.<\/p>\n
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\u201cThe investment marks a significant beginning for Thailand as a manufacturing hub for producing Mazda\u2019s electrified vehicles according to our \u201cMulti-Solution Approach\u201d and a crucial step towards sustainability, in line with Mazda\u2019s mission to bring about a sustainable earth, society, and people,\u201d Mr. Moro said.","protected":false},"excerpt":{"rendered":"
During a meeting with Thailand\u2019s Prime Minister, Ms. Paetongtarn Shinawatra, in Bangkok today, Mr. Masahiro Moro, President and CEO of Mazda Motor Corporation announced that the company will invest an additional 5 billion baht (ca US$150 million) in the country to establish Thailand…<\/p>\n","protected":false},"author":1,"featured_media":14996,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_links_to":"","_links_to_target":""},"categories":[14],"tags":[4211],"yoast_head":"\n