BANGKOK -- Thai state-owned oil and gas group PTT will roughly triple its investments this year from initial plans to 93.5 billion baht ($2.6 billion) as it prepares to begin production of electric vehicles.
Energy group's Horizon Plus unit aims to produce first vehicles next year

Thai state-owned energy group PTT is branching out into electric vehicles. © Reuters
BANGKOK -- Thai state-owned oil and gas group PTT will roughly triple its investments this year from initial plans to 93.5 billion baht ($2.6 billion) as it prepares to begin production of electric vehicles.