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Mar 15, 2024 - 05:34
By asia.nikkei.com

Thai clean power provider hears skeptics, rides electric bus bet

BANGKOK -- Thailand's Energy Absolute expects half of its revenue to come from its electric vehicle ecosystem this year, even though investors skeptical of demand for its batteries and commercial fleets have sent its stock plunging 54% in the past year.

Deputy Chief Executive Officer Amorn Sapthaweekul said new government subsidies, announced in February, will encourage bus operators and logistics companies to electrify.

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Thai clean power provider hears skeptics, rides electric bus bet

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Thai clean power provider hears skeptics, rides electric bus bet

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