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Together Venture on EV Production Platform

1st Jun 2021 07:00

RNS Number : 2955A
Hon Hai Precision Industry Co Ld
31 May 2021
 

Subject: Foxconn and PTT Announce Together Venture on Electric Vehicle Production Platform

Contents:

1.Date of occurrence of the event:2021/05/31

2.Company name: Hon Hai Precision Ind. Co. Ltd.

3.Relationship with the Company (please enter "the company itself" or "subsidiaries"):the company itself

4.Reciprocal shareholding percentage: NA

5.Name of the reporting media: The company's press information

6.Content of the report: Foxconn and PTT sign Memorandum of Understanding to collaborate in setting up an open platform for producing electric vehicles (EV) and key components to serve the EV sector in Thailand. The platform , comprising hardware and software services, will be available to all automobile players in Thailand looking to accelerate their production and sales of EVs in Thailand and elsewhere in the ASEAN region. The effort uniquely combines PTT's strengths in Thailand's market knowledge, distribution network, extensive customer reach and a commitment to future-oriented, innovative and sustainable solutions and Foxconn's proven capabilities as a global leader in smart manufacturing and its visionary push in leading electric car technological solutions.

7.Cause of occurrence: Regarding the company's press release.

8.Countermeasures: None

9.Any other matters that need to be specified: None

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