PTT forms joint venture with Foxconn to manufacture electric vehicles

June 08, 2021
Chemicals More...
Asset Timing and Transitioning More...
Very important

Southeast Asia has been one of the slowest regions to adopt electrified transportation due to few available models of electric vehicles, limited infrastructure, and a more price-sensitive market compared to other regions. Activity in the region is now picking up, and the announcement that Thailand's largest corporate entity would partner with Foxconn to leverage its electric vehicle platform will no doubt accelerate electrification of the region. Clients should watch for further announcements from the two companies on charging infrastructure and timelines for operating in the region, as none were provided, but they are important for understanding the pace of adoption in the region.

For the original news article, click here .

Further Reading

Baidu forms new BEV company, taps Geely for BEV expertise

News Commentary | January 11, 2021

Baidu has played an active role in developing autonomous vehicles (AVs) and investing in electric vehicle (BEV) startups, but this announcement marks the first time it will sell its own vehicles. The venture, majority owned by Baidu and minority owned by Geely, will focus on using AV technology ... Not part of subscription

Ford plans $29 billion for electric and autonomous cars through 2025, mostly for electrification

News Commentary | February 16, 2021

On a quarterly call when it announced losses of $2.9 billion, Ford committed $22 billion to electrification and an additional $7 billion to autonomous vehicles through 2025. This marks an increase over its previous investment of $11 billion to develop electrified vehicles between 2018 and 2022, as ... Not part of subscription

Honda targets zero tailpipe emissions by 2040

News Commentary | May 03, 2021

Honda is the latest automaker to announce a full zero‑emissions strategy, announcing it will end combustion vehicle sales by 2040. The date is slightly later than that of some of its peers; luxury brand Jaguar Land Rover will go zero tailpipe emissions by 2030. This is expected; as we've noted ... Not part of subscription