Kwang Yang to form joint venture with PTT Public

• By Lisa Wang / Staff reporter

Kwang Yang Motor Co (光陽工業), which sells electric scooters under the brand Ionex, is to form a joint venture with PTT Public Co to take its electric scooters and battery-swapping services to Thailand later this year, marking more progress in its strategy to expand its electric-vehicle business overseas.

The Kaohsiung-based manufacturer of scooters has been exploring electric-vehicle business opportunities outside Taiwan after forming a partnership in 2020 with Grab Holdings Inc’s two-wheel sharing-service provider, GrabWheels, by supplying electric two-wheelers.

The company has also been trying to make inroads into India for years, but has yet to report any…