Thai oil major PTT launches $16bn push into EVs and green energy

State-backed company aims to support governement's climate change effort

20210921N PTT electric car

Thai energy major PTT plans to have EV charging stations in about 230 locations by the end of the year. © Reuters

YOHEI MURAMATSU, Nikkei staff writer

BANGKOK -- Thailand's state-owned oil major PTT is expected to invest more than $16 billion over the next decade into an initiative to promote electric vehicles and other green technology as part of a national drive to turn the country into Southeast Asia's EV hub.

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