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Thai energy giant PTT signs agreement with Chinese EV startup Hozon

November 11, 2021
Source: newsbreak.com newsbreak.com
News Snapshot:
BANGKOK (Reuters) - Thailand’s largest energy firm PTT Pcl and China’s electric vehicle (EV) startup Hozon have signed an agreement to expand Thailand’s EV market, the companies said on Wednesday. The partnership includes distributing Hozon’s vehicles and exploring opportunities for production with PTT and Foxconn’s facility in the country. “The agreement will show Thailand’s EV production capacity and ability to grow the regional market,” senior energy official Twarath Sutabutr, who presided over the signing, told Reuters. The Thai government holds a 51.1% stake in PTT. The agreement follows PTT’s establishment in September of a joint venture with Taiwan’s Foxconn for...
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Tags: agreement | auto | Bangkok | Business | Chinese | electric vehicle | energy | EV | export | Exports | facility | Foxconn | Giant | government | Great Wall | IT | joint venture | manufacturing | motor | partnership | power | production | Reuters | Thailand | Toyota

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