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Business

Electric car startup seeks to plug into Southeast Asia and Europe

Japan's FOMM plans to produce 10,000 compact vehicles a year in Thailand

This FOMM concept car is similar to what the company plans to roll out in Southeast Asia and Europe.

TOKYO -- Japanese electric-vehicle startup FOMM is racing to produce and sell a compact electric car in Thailand before rolling it out elsewhere in Southeast Asia and in Europe.

FOMM plans to start production in Thailand at the end of 2018 and sell the vehicle in partnership with a local power distribution company. It aims to begin exporting it to other Southeast Asian countries and Europe in 2020 or later.

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