Japan's Mazda plans to invest $150m in Thailand to make EVs

Thai investment board says automaker targets 100,000 cars per year

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Mazda Motor plans to invest 5 billion baht ($150 million) in Thailand to produce electric compact sport utility vehicles. © Reuters

BANGKOK (Reuters) -- Mazda Motor plans to invest 5 billion baht ($150 million) in Thailand to produce electric compact sport utility vehicles, Thailand's Board of Investment said on Thursday.

The "investment is to support domestic sales and exports to Japan and other countries, such as ASEAN countries, targeting a production of 100,000 units per year," the investment board said, quoting Mazda President Masahiro Moro.

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