Mitsubishi, PTT to study collaboration opportunities relating to EVs

Mitsubishi expressed confidence in PTT's experience

Mitsubishi, PTT to study collaboration opportunities relating to EVs

MANILA: Mitsubishi Motors Corporation is studying collaboration opportunities with PTT Public Company Limited in the areas of electric vehicle (EV) production, sales, export, and other related services.

KEY TAKEAWAYS

  • What type of agreement did Mitsubishi and PTT sign?

    Mitsubishi and PTT signed a letter of intent agreement showing their willingness to cooperate with one another.
  • Where was the ceremony held?

    The ceremony was held at PTT's headquarters in Bangkok.
  • The two companies — alongside their subsidiaries Mitsubishi Thailand and Arun Plus Company Limited — have inked their willingness to cooperate with one another through a letter of intent signing ceremony held at PTT’s headquarters in Bangkok.

    Per the Japanese carmaker, discussions about EV production in Thailand, domestic sales, exporting, and other related EV solutions will be initiated. The goal of the collaboration will be to contribute to achieving carbon neutrality in The Land of Smiles.

    Mitsubishi Outlander

    Mitsubishi expressed confidence in PTT and noted that the company has been a leader in Thailand's energy industry for many years. The Tokyo-headquartered company emphasized that PTT has extensive knowledge of the energy industry and automotive market, as well as its own EV ecosystem concept.

    “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,” Mitsubishi Motors Corporation President and Chief Executive Officer Takao Kato stated.

    Currently, Mitsubishi’s electrified lineup includes models like the Outlander plug-in hybrid electric vehicle (which is available here in the Philippines) and the eK X EV sold in Japan.

    Photos from Mitsubishi and Juan Paulo Papa

    Also read:

    Mitsubishi PH breaches 81K sales record for FY 2023

    Mitsubishi PH teases XForce arrival

    Mitsubishi sells 90,000 cars worldwide in Q1 2024

    Paulo Papa

    Paulo Papa

    Fueled by his passion for cars and a good dose of caffeine, Paulo loves taking his readers for an exciting spin with his writing. A self proclaimed nerd, epigrammatic writer, and a doting father. 

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