Mazda Motor Corporation recently announced a 5 billion baht (US$150 million) investment to develop Thailand as a manufacturing hub for its electrified compact SUV product line. Investment would improve production lines, hence support hybrid and EV technology, while establishing a production capacity aimed at 100,000 units per annum for domestic and international markets. Mazda's firm commitment to Thailand has been endorsed by the Thailand Board of Investment, which views this as a major step in the direction of automotive industry development and completing the electrification policies.
For seventy years, Mazda has resisted a falling automotive market in Thailand, building two ultra-modern production plants in the kingdom in question, the rest are simply just stooping under it.
Mazda Motor Corporation is already working on an investment of 5,000 million Thai Baht with the intent of setting this in Thailand as a manufacturing hub for its electrified compact SUVs with a projected production rate of 100,000 units annually for all international and local markets.
The investment seeks to upgrade the production lines in Mazda’s existing facilities in Thailand to support hybrid and EV technologies at the same time, marking a landmark step on the road to xEV production.
This also reaffirms Mazda's commitment to Thailand and supports the country's capabilities and policies for the advancement of electric vehicles in the automotive industry and is expected to significantly contribute to the development of Thailand's automotive industry and economy.