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BOI has approved Mitsubishi Motors’ (Thailand) proposal for the production of PHEV in Thailand

The meeting of the Board of Investment (BOI) has approved Mitsubishi Motors’ (Thailand) proposal for the production of plug-in hybrid electric vehicles (PHEV) in Thailand, where the vehicles are said to be assembled with parts produced locally. Investment budget for the project is expected at 3.13 billion baht. The project will include plans to further develop parts manufacturers, as well as future investments in the production of PHEV batteries and construction of charging stations in Thailand. Additionally, BOI has approved the designation of 3 new science and technology areas and the investment proposal for the Metropolitan Rapid Transit (MRT) Orange Line that includes the corporate income tax exemption for 8 years.

 

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