Japan's Mitsubishi Motors plans $473 million investment in Thailand by 2030, Thai government says (updated)
UPDATE 1-Japan's Mitsubishi Motors plans $473 million investment in Thailand by 2030, Thai government says Adds details in bullets
BANGKOK, July 24 (Reuters) - Japan's Mitsubishi Motors 7211.T plans to invest 16 billion baht ($473.23 million) by 2030 in Thailand to support the energy transition of the automotive industry, Thai government spokesperson Lalida Perisvivatana said on Friday.
The new investment will focus on electric vehicle technology, the government said in a statement.
The company is studying the production and export of pickup trucks and an electric version of its Pajero sports utility vehicle, with Thailand as a production base, it said.
Southeast Asia's second-largest economy is home to major automakers like Toyota 7203.T, Honda 7267.T and China's BYD 002594.SZ.
($1 = 33.8100 baht)
(Reporting by Chayut Setboonsarng, Editing by David Stanway)
((chayut.setboonsarng@thomsonreuters.com ; +66854849033))
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