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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)
HIROSHI KOTANI, Nikkei staff writers | Thailand

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.

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