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Tuesday 26 November 2024
Thailand's PTT to reduce stake in joint venture with Foxconn
Thailand's state-controlled energy conglomerate PTT has announced that due to fierce competition in the EV market resulting in a price war, the group will lower its stake in the joint...
Thursday 26 September 2024
Thailand to build first SiC facility, with operation expected by 2027
Thailand is set to make a significant stride in the semiconductor industry with the establishment of its first silicon carbide (SiC) wafer factory, which is expected to begin operation...
Tuesday 22 August 2023
Kymco sets up two-wheel EV joint venture with Arun Plus
To expand the market for electric two-wheelers abroad, Taiwanese motorcycle brand Kymco and Kymco Capital have partnered with Arun Plus, a wholly-owned subsidiary of Thailand's state-owned...
Thursday 13 April 2023
Foxconn focuses on US$30,000 price bracket for EVs
Hon Hai Precision Industry (Foxconn) expects to kick off commercial production of its new Model C series electric vehicles (EV) in the fourth quarter of 2023, with models in the US$30,000...
Monday 16 January 2023
Foxconn EV roadmap stretches well from a small town in US
Foxconn Technology (Hon Hai) has set electric vehicle (EV) production as the core of its 3.0 transformation scheme, and its Ohio EV plant acquired from Lordstown Motors will be playing...
Tuesday 15 November 2022
Foxconn JV breaks ground for new EV plant in Thailand
Horizon Plus, a joint venture between Taiwan-based Foxconn Technology Group and Thailand's state-run energy group PTT, broke ground recently for a new electric vehicle (EV) production...
Monday 3 October 2022
Short chains, localized production trending: Q&A with Foxconn chairman Young-way Liu
Once short chains become the market norm, industry players will have to invest in setting up local supply chains worldwide. However, how to manage different operating units in different...
Thursday 29 September 2022
Taiwan leaps to top FDI source for Thailand in 1H22 on Foxconn EV project
Taiwan jumped to the top source of FDI (foreign direct investment) in Thailand in the first half of 2022 from fifth place in 2021 thanks to a major investment project by Foxconn Technology...
Friday 5 August 2022
Thailand PTT Group exits coal mining business with a nine-figure
Thai oil and gas conglomerate, PTT Group's board of directors gave the go-ahead for PTT Mining of Hong Kong (PTTML), a coal mining business, to be transferred to Indonesia-based PT...
Wednesday 13 July 2022
Foxconn-PTT joint venture Horizon Plus to build EV plant in Thailand
Horizon Plus, a joint venture between Taiwan's Foxconn Technology Group and Thailand's state-run energy group PTT, has acquired 50.08 hectares of land in the Eastern Economic Corridor...
Monday 11 April 2022
SEA roundup: Foxconn and PTT reportedly in talks with China-based Hozon EV
Horizon Plus, the joint venture established by Taiwan-based Foxconn and Thai state-owned energy group PTT, is reportedly in talks with Chinese carmaker Hozon to build electric vehicles...
Friday 14 January 2022
PTT and GPSC establish Nuovo Plus to support EV production
Thailand-based PTT has established a battery joint venture with their power generation company, Global Power Synergy, to support PTT's electric vehicle production.