Thailand’s PTT to triple investments ahead of EV production

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Investments

PTT’s EV manufacturing arm Horizon Plus is gearing up to produce its first EVs in 2024

Thailand’s state-owned oil and gas company PTT plans to triple its investment in 2023 to 93.5 billion baht ($2.6 billion) as it prepares to commence manufacturing electric vehicles, according to a news report published by Nikkei Asia on June 23.

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