(From left)
Ekachai・Yimsakul, Managing Director, Arun Plus
Cherdchai Boonchoochauy, Senior Executive Vice President, PTT
Dr. Buranin Rattanasombat, Chief New Business and Infrastructure Officer, PTT
Masaki Tsugeno, Corporate Officer, Mitsubishi Motors
Noboru Tsuji, Chairman of the Board, MMTh
Tokyo, May 8, 2024 – Mitsubishi Motors Corporation (hereafter, Mitsubishi Motors) announced today that it, along with Mitsubishi Motors (Thailand) Company Limited (hereafter, MMTh), has agreed with PTT Public Company Limited (hereafter, PTT) and Arun Plus Company Limited (hereafter, Arun Plus), PTT's flagship of electric vehicle business, to begin talks on a partnership among the four companies. The companies will start discussing collaboration in xEV business, including local manufacturing operations in Thailand, domestic sales and export, and related services, with the aim of contributing to achieving carbon neutrality in Thailand.
PTT has been a leader in Thailand's energy industry for many years. As PTT has extensive knowledge of the energy industry and automotive market, as well as its own EV ecosystem concept, Mitsubishi Motors, which is promoting an electric vehicle strategy, believes that there are various opportunities for collaboration among these companies, including electric vehicle production and mobility service business.
Takao Kato, President and Chief Executive Officer of Mitsubishi Motors, gave the following comments on the agreement: "Thailand is one of the most important countries for Mitsubishi Motors’ overseas operations, and we have contributed to the development of the Thai economy for more than 60 years through our automotive business in production, sales, and export. Ensuring the success of this collaboration will enable us to maximize the experiences and resources the four companies have. We will make further contributions to Thailand's economic prosperity and carbon neutrality policy together with PTT."
