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.

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