Foxconn to Venture into Electric Vehicle Production in Thailand

PTT and Foxconn have signed a memorandum of understanding (MoU) to collaborate in setting up an open platform for producing electric vehicles (EV) and key components to serve the EV sector in Thailand. The platform, comprising hardware and software services, will be available to all automobile players in Thailand looking to accelerate their production and sales of EVs in country and elsewhere in the ASEAN region.

H.E. General Prayut Chan-o-cha, Prime Minister of Thailand, presided over the virtual signing ceremony of the MoU for a Development and Manufacturing EV project in Thailand. All going well, this will precede formation of a partnership supporting the production of EVs. The partnership aims to set up an end-to-end production platform that provides instant scale to the EV industry in Thailand.

Automobile…