Photo: Energy Absolute’s website
The SET-listed renewable energy and EV developer and operator, Energy Absolute (EA), is set to record a significant surge in its total revenue. This year’s revenue is projected to exceed 41 billion baht, a substantial leap from last year’s 27.5 billion baht. This surge can be attributed to the burgeoning demand for commercial electric vehicles (EVs) and batteries.
In the first half of this year, EV and battery sales contributed a significant 25%, or 10.4 billion baht, to the total revenue. This is a sharp rise from the previous year’s corresponding period, where sales were valued at a modest 472 million baht.
Between January and June this year, Energy Absolute witnessed a 24% increase in EV sales, with sales volume reaching 1,445 units, as opposed to last year’s 1,160 units during the same period. Vasu Klomkliang,…
