HoonSmart.com>>PTT signed a joint venture “Honghai Prison Industry”, produces electric vehicles, holds 60% shares, is expected to register the joint venture company in the fourth quarter and concludes the final joint investment plan in the second half of the year. 65 Pushing Thailand to be ASEAN’s electric vehicle manufacturing hub Supporting the domestic automotive industry to transition to modern electric vehicle technology
PTT Company (PTT) informed that the Board of Directors of Arun Plus, a subsidiary in which PTT owns 100%, has approved for Arun Plns to sign a joint venture agreement. and established a joint venture company with Li Yi International Investment Company Limited (Lin Yin), a wholly owned subsidiary of Honghai Prison Industry (Foxconn). With a registered capital of not more than 3,220 million baht, with Arun Plus and: Lin Yin holds 60% and 40%, respectively, to operate an electric vehicle manufacturing business in Thailand.
Arun Plus signed the joint venture agreement to be completed on September 14, 2021. It is expected to enter the final investment decision process within the second half of 2022. The registration of the joint venture company will be completed within Q4 2021
The joint venture will use Foxconn’s expertise in technological innovation in the production and development of the MIH (Mobility-In-Harmony) platform, combined with PTT Group’s knowledge of business operations in Thailand. It will help push Thailand to be the center of electric vehicle production in the ASEAN region. and make the automotive industry in Thailand transition to modern electric vehicle technology. Promote the country’s economy to grow Increasing competitiveness at the international level
