Japan's Isuzu Motors to produce EV pickup trucks in Thailand [Yahoo! Finance]
ISUZU MOTORS UNSP/ADR (ISUZY)
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Source: Yahoo! Finance
a plan to start exports next year, a Thai government spokesperson said on Thursday. Chai Wacharonke said the firm plans to invest 1 trillion yen ($6.62 billion) in research and development by 2030, including in a testing centre. The electric D-MAX will be exported from Thailand starting in 2025 to countries like Norway, Britain, Australia and others, Chai said. Isuzu will unveil the company's first electric D-MAX pickup truck at the Bangkok International Motor Show next week, according to its website. The company did not respond to a Reuters request for comment on its investment plans in Thailand. Auto makers, led by Chinese brands, are rushing to build EV facilities in Southeast Asia's second-largest economy. Thailand is a regional auto assembly and export hub, which has long been dominated by Japanese brands like Toyota Motors and Honda Motor Co. It has drawn $1.4 billion worth of investment from Chinese automakers like BYD and Great Wall Motor to build production facili
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