Thai clean power provider hears skeptics, rides electric bus bet

Energy Absolute stock dives as the market grows wary of its plan to fight smog

20240312 ev bus1

An electric bus backs into a spot at a charging station maintained by Energy Absolute in Minburi, Thailand. (All photos by Adryel Talamantes)

FRANCESCA REGALADO, Nikkei staff writer

BANGKOK -- Thailand's Energy Absolute expects half of its revenue to come from its electric vehicle ecosystem this year, even though investors skeptical of demand for its batteries and commercial fleets have sent its stock plunging 54% in the past year.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.