Isuzu to Invest THB 32 Billion in Thailand for the Production of Electric Pickup Trucks
Isuzu Motors is set to invest 32 billion baht ($1.3 billion) in its Thailand operations to produce electric pickup trucks.
The first electric model, based on the Isuzu D-Max and featuring a lithium-ion battery with a 400 km range, is expected to roll out of the Thai facility by 2025.
This move aligns with Isuzu's eco-friendly goals and aims to tap into Southeast Asia's burgeoning electric vehicle market, particularly targeting commercial and fleet sectors.
The strategic investment is likely to generate jobs, stimulate the Thai economy, and support Thailand's ambition to become a regional electric vehicle hub, in line with the government's goal for 60% of new vehicle sales to be electric by 2030.
This move aligns with Isuzu's eco-friendly goals and aims to tap into Southeast Asia's burgeoning electric vehicle market, particularly targeting commercial and fleet sectors.
The strategic investment is likely to generate jobs, stimulate the Thai economy, and support Thailand's ambition to become a regional electric vehicle hub, in line with the government's goal for 60% of new vehicle sales to be electric by 2030.
