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Retail, banking and tourism stocks are set to benefit from the policies of the new coalition government led by the Move Forward Party, according to analysts.

Bridgestone Sales (Thailand) Co., Ltd., the leading distributor of passenger and commercial tyres that has stayed alongside Thai transport operators for a long time, joined Nex Point PCL. (NEX), the electric vehicle manufacturer of buses to deliver the latest model of Chula EV Shuttle Buses or “Chula EV Pop Buses” service for students, professors, and staff covering the entire area of Chulalongkorn University. Bridgestone provided BRIDGESTONE ECOPIA R156 tyres for the buses, following Chulalongkorn University initiative in sustainable mobility.

SET-listed Nex Point, an electric vehicle (EV) assembler, is allocating 6 billion baht to develop its second production facility in Chachoengsao to serve increasing purchase orders from electric bus and truck operators.

Shares of electric vehicle (EV) businesses rose yesterday as investors expect the government to launch an array of subsidies and support measures to promote the use of EVs.

SET-listed Nex Point Plc, an electric vehicle (EV) assembler in the bus segment, expects to move from red to black on its balance sheet this year due to growing electric bus sales, following years of losses.