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Startups

Japanese electric car startup FOMM to open $30m Thai plant

Mass production of four-seater to start from February

The Thai factory will produce the FOMM One electric vehicle. (Photo by Hiroshi Kotani)

BANGKOK -- Japanese electric vehicle startup FOMM will spend 1 billion baht ($30.4 million) to set up in Thailand its first-ever production site, the company said Tuesday at a news conference here.

Mass production is slated to begin around February for the venture's FOMM One, an electric car that seats four people and can run 160 km on one charge.

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