BANGKOK -- A Thai subsidiary of Taiwanese power supply and auto parts manufacturer Delta Electronics has overtaken the kingdom's traditional stalwarts to become the most valuable company on the Stock Exchange of Thailand, as it capitalizes on the global electric vehicle boom.
The bullish case for Delta rests on the company's plans to double its EV business as EV makers BYD, Great Wall Motor, and Tesla make inroads in Thailand. (Source photos by Reuters and Getty Images)
Market Spotlight
EV boom creates unlikely stock market star in Thailand
Thai subsidiary of Taiwan's Delta Electronics becomes kingdom's most valuable company
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