Home Invest Daimler to invest in Thailand-based manufacturing

Daimler to invest in Thailand-based manufacturing

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Daimler AG (DAI.XE) said Wednesday that its Mercedes-Benz car unit will invest more than 100 million euros ($123.6 million) by 2020 in manufacturing operations in Bangkok, Thailand, together with local partner Thonburi Automotive Assembly Plant Co. Ltd.

The joint investment will be used for an extension to an existing plant at the site and for a new battery assembly facility, Daimler said.

The investment is expected to create 300 new jobs, the company said.

“The battery production in Thailand will enhance our global battery production network to six factories on the three continents,” said Markus Schaefer, divisional board member responsible for the production-and-supply chain at Mercedes-Benz Cars.

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