Deputy Prime Minister Somkid Jatusripitak (right) meets Shinya Kotera, managing officer of Toyota Motor on Monday. (Photo courtesy of the Government House)Leading Japanese carmaker Toyota Motor Corporation is about to make its biggest investment in Thailand to upgrade its compact car development and production centre for exports. Deputy Prime Minister Somkid Jatusripitak, who had a meeting with Shinya Kotera, managing officer of Toyota Motor yesterday, said the firm chose Thailand for its global compact car export hub under its "emerging market compact car company" scheme. Ninnart Chaitharapinyo, vice-chairman of Toyota Motor Thailand, said the company has already discussed with the Japanese parent about its investment policy in making hybrid vehicles and parts in Thailand. It is conducting a feasibility study to establish its own local battery manufacturing facility to serve Toyota's HEV production.

Source: Bangkok Post April 25, 2017 00:00 UTC