ArrowArtboardCreated with Sketch.Title ChevronCrossEye IconIcon FacebookIcon LinkedinShapeCreated with Sketch.Icon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter

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.

The company targets annual production of 10,000 vehicles at the factory, located at an industrial park in Chonburi Province southeast of the capital. Locally sourced parts are expected to account for more than 50% once mass production starts.

The car will sell for 664,000 baht through a subsidiary of Thailand's Provincial Electricity Authority. FOMM, based in Kawasaki, has received 355 orders since it began taking reservations at a major auto show outside Bangkok in March.

You have {{numberReadArticles}} FREE ARTICLE{{numberReadArticles-plural}} left this month

Subscribe to get unlimited access to all articles.

Get unlimited access
NAR site on phone, device, tablet

{{sentenceStarter}} {{numberReadArticles}} free article{{numberReadArticles-plural}} this month

Stay ahead with our exclusives on Asia; the most dynamic market in the world.

Benefit from in-depth journalism from trusted experts within Asia itself.

Try 3 months for $9

Offer ends September 30th

Your trial period has expired

You need a subscription to...

See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

See all offers
NAR on print phone, device, and tablet media