Toyota Ready To Expand Production Of Hybrid Cars In Thailand With Big Investment

Toyota All New Camry. (Photo: Toyota Thailand)

JAKARTA - Thailand is often the main goal of various automotive manufacturers to invest, including Toyota.

Citing from the BangkokPost page, Tuesday, December 24, Toyota Motor Corporation Chairman Akio Toyoda said he promised to increase investment in white elephant countries to expand hybrid car production.

Minister of Industry, Akanaat Promphan, said that this Japanese brand investment will involve re-development of the production line, its purpose is to support the production of internal combustion engines and battery-powered electric motors for hybrid vehicles.

"This investment will also lead to job creation, technology transfer and labor development," he said, during a meeting between the two parties.

Unfortunately, there are no more details about Toyota's investment, but the prime minister reiterated the government's readiness to align its policies with the needs of the automotive industry, balancing the interests of producers and consumers to achieve common economic benefits.

In addition, it also emphasizes the government's commitment to supporting investment and growing trust in the manufacturing sector of Japan in Thailand, as well as in businesses in related industries to local parts.

The policy will also include promotion of sustainable growth in the pure electric vehicle industry, and will continue to strive to advance green energy initiatives.

As is known, Toyota itself has been operating in Thailand for more than 60 years, and highlights the quality and standards of Thai-made automotive parts that are recognized as equivalent to Japanese production.