Mazda Motor Corp. to Invest 5 Billion Baht to Make Thailand its Electrified Compact SUV Manufacturing Hub

BANGKOK, Feb. 13, 2025 /PRNewswire/ -- During a meeting with Thailand's Prime Minister, Ms. Paetongtarn Shinawatra, in Bangkok today, Mr. Masahiro Moro, President and CEO of Mazda Motor Corporation announced that the company will invest an additional 5 billion baht (ca US$150 million) in the country to establish Thailand as the manufacturing hub of its electrified compact sport utility vehicle (SUV) product line, for sales in the domestic as well as export markets, a move that reaffirms Mazda's commitment and strong relationship with Thailand. 

"Mazda's investment in an electrified compact SUV marks a significant step forward, and the start of a gradual transition to xEV production. With an additional investment of over 5 billion baht, Mazda aims to establish Thailand as the manufacturing hub for its electrified compact SUV products," Mr. Moro said. "The vehicles to be produced will be high performance compact SUVs that meet international standards, both in terms of environmental friendliness and hybrid technology. This large-scale comprehensive production 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 announcement by Mazda Motor Corporation is a significant investment in the continued development of Thailand as a manufacturing hub for all segments of the automotive industry, and a great endorsement of our policies to support electrification in the sector, including all types of hybrid technology," Mr. Narit Therdsteerasukdi, Secretary General of the Thailand Board of Investment (BOI) who is also the secretary of the National Electric Vehicle Policy Committee (EV Board), said after the meeting. "Mazda's commitment to Thailand, and its confidence in the country's capabilities, comes just ahead of the roadshow the BOI will conduct in Japan next week and clearly demonstrates the potential for more Japanese investment in Thailand in the auto as well as other tech sectors."

Mazda, which has had a presence in Thailand's car market for over 70 years, has two manufacturing plants in the country, namely AutoAlliance (AAT), established in 1995 to produce passenger cars and commercial vehicles for both domestic and export sales, and Mazda Powertrain Manufacturing Thailand (MPMT), established in 2015 to produce engines and automatic transmission systems.

The additional investment announced today will focus on the key areas in both the AAT and MPMT plants, enhancing the vehicle production and assembly line to support future electrified products, and the production of engines, automatic transmissions, and powertrains, as well as the key components of electrified vehicles, including batteries. In addition, Mazda will continue to develop its local supplier network to enhance production capabilities and support future technologies which are significantly contributing to the development of Thailand's automotive industry, and economy.

"The investment marks a significant beginning for Thailand as a manufacturing hub for producing Mazda's electrified vehicles according to our "Multi-Solution Approach" and a crucial step towards sustainability, in line with Mazda's mission to bring about a sustainable earth, society, and people," Mr. Moro said.

The BOI announced last month that applications for investment promotion in 2024 soared 35% in value to 1.14 trillion baht (ca. USD 33 billion), the highest level since 2014, led by large foreign direct investment (FDI) projects in data centers, cloud services, as well as semiconductor and advanced electronics manufacturing. The automotive and parts sector ranked third in terms of the value of applications with 309 projects, worth a combined 102.4 billion baht.

Thailand has long been a hub in the conventional internal combustion engine (ICE) auto industry, ranking 10th in the world and number one in Southeast Asia as a manufacturer in 2023. Since it started promoting investment in the sector's electrification, with government policies offering subsidies, tax breaks and other incentives to manufacturers and consumers, the country has attracted significant investments in the production of electric vehicles (EV) and hybrids.

For more information, please contact:
Thailand Board of Investment
Tel. +66 (0) 2553 8111
Website: www.boi.go.th
YouTube: Think Asia, Invest Thailand

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Mazda Motor Corp. to Invest 5 Billion Baht to Make Thailand its Electrified Compact SUV Manufacturing Hub

ESG Strategies and Sustainable Practices Align with International Standards

HONG KONG, Jan. 14, 2026 /PRNewswire/ -- Sino Group ('the Group') is pleased to announce that Sino Land Company Limited ('Sino Land') (Stock Code: 0083.HK) has received the highest 'AAA' rating, up from 'AA', in the MSCI ESG (Environmental, Social and Governance) Ratings. This recognition underscores Sino Land's ongoing commitment to managing key ESG challenges and opportunities in alignment with international standards.

The MSCI ESG Ratings evaluate over 17,000 global issuers based on their ability to manage long-term, financially material sustainability-related risks and opportunities relative to their industry peers. The rating considers factors that include carbon emissions, green buildings, health and safety, and supply chain management, which help investors identify companies better positioned for sustainable growth. In 2025, Sino Land received a 'AAA' rating, placing the company among the top 5% of performers within its industry ('Real Estate Development & Diversified Activities').

Mr Daryl Ng, Chairman of Sino Group and Chairman of the Group's ESG Steering Committee, said, 'We believe that resilience and well-being are fundamental to a meaningful sustainability vision—one that aims to create lasting value for our stakeholders while making a positive impact on the environment. We are grateful for the recognition of our approach, reflected in a top position within this international ratings system, which motivates us to further integrate ESG considerations into our long-term strategy. Moving forward, we will continue to collaborate with partners to enhance our efforts and drive innovation in sustainable practices. Our strategic priorities will align with investor expectations through a commitment to responsible stewardship, thoughtful design, and social responsibility—ultimately strengthening both our portfolio and the communities we serve.'

Sino Group has focused on enhancing its climate change adaptation and resilience efforts and has launched the 'Supplier Climate Alliance' to promote a sustainable supply chain. In recognition of these efforts, the Group, including Sino Land, has received several accolades, such as validation from the Science Based Targets initiative ('SBTi') for its long-term emissions reduction targets, and top ranking in the Greater China Real Estate Business Sustainability Index ('REBSI'). Sino Land has been included in the CDP's highest benchmark—the 2025 Climate Change A List and recognised as a 'Global Sector Leader' in the Development Benchmark – Residential category, in the Global Real Estate Sustainability Benchmark ('GRESB') Real Estate Assessment, both for the second consecutive year. As of 30 June 2025, Sino Land has achieved BEAM Plus certification for 90% of its new buildings in Hong Kong.

*THE USE BY SINO LAND COMPANY LIMITED OF ANY MSCI SOLUTIONS LLC OR ITS AFFILIATES ("MSCI") DATA, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT, RECOMMENDATION, OR PROMOTION OF SINO LAND COMPANY LIMITED BY MSCI.  MSCI SERVICES AND DATA ARE THE PROPERTY OF MSCI OR ITS INFORMATION PROVIDERS AND ARE PROVIDED 'AS-IS' AND WITHOUT WARRANTY.  MSCI NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI.

*THE USE BY SINO LAND COMPANY LIMITED OF ANY MSCI SOLUTIONS LLC OR ITS AFFILIATES ("MSCI") DATA, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT, RECOMMENDATION, OR PROMOTION OF SINO LAND COMPANY LIMITED BY MSCI.  MSCI SERVICES AND DATA ARE THE PROPERTY OF MSCI OR ITS INFORMATION PROVIDERS AND ARE PROVIDED 'AS-IS' AND WITHOUT WARRANTY.  MSCI NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI.

 

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Sino Land Achieves 'AAA' MSCI ESG Rating