In Thailand, a renewable energy company dreams of an electric vehicle

In the future, many people expect to be able to play with electric vehicles based on renewable energy. But many EV companies did not start as renewable energy companies.

A Bangkok-based energy company is absolutely perfect. Biodiesel Manufacturer and Renewable Energy joins EV Business in 2019.

In March of this year, Thailand set a target of 1 million electric vehicles on its roads by 2025 – and this figure is expected to increase to 15 million in ten years. This includes not only private cars but also commercial vehicles – transport vans, trucks, buses and so on.

Former Securities Trader Somfote Ahunai Energy Completed in 2006 Relocation took over the company in Thailand in 2013 and began expanding into energy storage in 2016. It is currently in the final stages of building a $ 3 billion battery power project to produce lithium-ion batteries.

Ahunai told CNBC ‘Managing Asia’ that the government’s efforts to promote EV adoption in Thailand had helped launch the project and that he was now urging the government to “open up the market and create an EV market-friendly policy.”

However, the outbreak affected the company’s campaign against EVs. 3,500 five-seat hatchbacks have been canceled due to tourism. Instead, it has become a fast-paced platform for focusing on commercial vehicles and battery storage.

“A lot of manufacturers, they focus on the passenger car.

The current plan is to install 1,000 chargers nationwide in the next few years.

Charging sign in Bangkok, Thailand, 2019 Power is everywhere.

Nicholas Axelrod | Bloomberg | Getty Images

“We have launched about 500 charging stations nationwide, mainly in Bangkok and the surrounding area,” he said.

The focus is on Thailand’s policy of placing about 70,000 electric vehicles on the road.

Read more about electric vehicles from CNBC Pro

If we successfully secure it [the commercial electric vehicle] Class … Then we create the economy to move to other sectors, ”said passenger cars, now.

Japanese, American and German cars are all manufactured in Thailand, but the country does not have its own internationally recognized brand, despite its experience in automation. He says he believes EVs can change that. He wants energy to be the center of attention and effort.

“We believe in using it. [our] Technology and Thailand [auto-making] Infrastructure, we can use that as a gateway to the global market, ”he said. So this is a good market for us when it starts.

Currently, most of the company’s revenue comes from renewable energy sources such as wind and solar, but he said his current efforts for commercial EVs will be a major source of revenue for the future.

“If you look at what we are investing in [in] It will now completely change the company’s revenue structure in a few years.

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