Daimler to invest in 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.

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.