This collaboration between FOXCONN and PTT aims to support the transition of the Thai automotive industry from traditional Internal Combustion Engine (ICE) to EV. Automotive is one of the crucial sectors of the Thai economy – contributing around 6% of the country GDP and employs over 750,000 workers. HORIZON PLUS ambitious move to EV manufacturing will not only create jobs and re-skill the workforce, but also sustain Thailand’s position as the Detroit of Asia.
- Taiwan’s Foxconn and Thailand’s state-run energy group PTT to build Plus EV new electric vehicle production base, with production and delivery expected in 2024
- Thailand’s True Digital Group invests $3M in Mediaload digital media firm, operator of news portals Khmerload in Cambodia and Myanmarload in Myanmar
- Thailand’s Translucia partners Australia’s Two Bulls software firm to build Metaverse Research and Development Center in Melbourne, with initial budget of $100M
GSMA: Digital Societies in Asia-Pacific – progressing towards digital nations
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