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PTT, Foxconn join to make EVs in Thailand

| Publication date 01 June 2021 | 17:20 ICT
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Thailand’s PTT and Taiwan’s Foxconn have inked a memorandum of understanding to produce electric vehicles (EVs) and components in the kingdom. PTT
PTT, Foxconn join to make EVs in Thailand
Tue, 1 June 2021
Thai oil and gas conglomerate PTT has partnered with Taiwan’s Foxconn in a deal to produce electric vehicles (EV) in Thailand.
On May 31, the two companies announced they had signed a memorandum of understanding to manufacture EVs and components at an online ceremony overseen by Thai Prime Minister Prayut Chan-o-cha.
The deal is for an “open platform” that provides hardware and software to Thailand-based automakers, though no details of the size of investment were given. ....

Prayut Chano Cha , Thailand National Electric Vehicle Policy Committee , Market Research , Thai Prime Minister Prayut , Liu Young Way , Eastern Economic Corridor , National Electric Vehicle Policy Committee , Allied Market , சந்தை ஆராய்ச்சி , லியூ இளம் வழி , கிழக்கு பொருளாதார தாழ்வாரம் , தேசிய மின்சார வாகனம் பாலிஸீ குழு , கூட்டணி சந்தை ,

PTT partners with Foxconn to make electric vehicles in Thailand

BANGKOK (The Nation/ANN): National oil and gas conglomerate PTT has partnered with Taiwan’s Foxconn in a deal to produce electric vehicles (EVs) in Thailand.
On Monday, the two companies announced they had signed a memorandum of understanding to manufacture EVs and components at an online ceremony overseen by Prime Minister Prayut Chan-O-Cha.
The deal is for an “open platform” that provides hardware and software to Thailand-based automakers, though no details of the size of investment were given.
Foxconn said it will tap its own MIH industry-wide alliance of EV manufacturers to boost the platform in Thailand.
This cooperation with PTT and the Thai government to realise the vision of sustainable development of the EV industry, demonstrates that the MIH ecosystem is growing, said Foxconn chairman Liu Young-way, as quoted by Reuters. ....

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CONFIDENCE IN EVs FUELS THAI MARKET

CONFIDENCE IN EVs FUELS THAI MARKET
published :
19 May 2021 at 09:54
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Just as growing environmental awareness and advancing EV technology have driven a surprising increase in global EV sales, these same factors have also significantly increased Thai car users’ enthusiasm for switching to EVs.
Their growing confidence in the long-term advantages of EVs combined with their environmental consciousness have seen EV sales in Thailand continuing to grow in 2020, on the back of flourishing investment by both Thai and local investors. With a solid development path for the local EV industry, Thailand’s EV market is firmly set on an accelerated growth trajectory over the next few years. ....

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