Alternative Fuels

PTT to move into EV business

Thailand’s PTT will diversify into businesses related to electric vehicles
By Staff reporter 31 May 2018 0 31095

Thailand’s PTT will diversify into businesses related to electric vehicles (EVs), including dealerships and the manufacture of EV batteries, The Nation newspaper reported on Wednesday.

The expansion reflects a global shift towards cleaner electricity and forms part of PTT’s medium-term growth strategy, which includes a focus on electricity and LNG value chains, said PTT Chief Executive Tevin Vongvanich. PTT is in talks with EV makers such as BMW, Vongvanich said.