PTT, Chinese company team up to make EVs in Thailand
published : 10 Sep 2019 at 12:22
writer: Post Reporters
National oil and gas conglomerate PTT Plc announced on Tuesday it will team up with Chinese electric vehicle manufacturer WM Motors to study the feasibility of EV car production in Thailand.
PTT planned to invest in a manufacturing plant for EVs in Thailand to further develop battery and plastic products under the PTT Group of companies, the company announced on its PTT News Facebook account.
WM Motors manufactured electric vehicles under the Weltmeister brand. It had sales of over 10,000 EVs in China.
PTT said WM Motors has its own assembly plant for new generation vehicles with the purpose of further development in mobility as a service, also known as the MAAS platform.
The feasibility study would aim at appointing PTT the authorised EV distributor for WM Motors, for both domestic sales and exports.
"PTT plans to be the EV export hub in Southeast Asia," the announcement said.
"The collaboration will be in research and development activities for EV batteries and other relevant businesses in accordance with the government's Thailand 4.0 initiative."
PTT aims to be a spearhead on energy innovation and technology in the near future, according to the announcement.