AutomobilesThai clean power provider hears skeptics, rides electric bus bet
Energy Absolute stock dives as the market grows wary of its plan to fight smog
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.