EA Expects to Deliver 5,000 Units of EV in 2020, Investing ฿7.4bn in Battery Factory!

In the presentation on November 28, 2019, Energy Absolute Public Company Limited (EA) has announced that the company expects its 2020 revenue to be driven by electric vehicles and electric ferries.

Electric vehicle production will start in the second quarter next year with 800 units and the company will ramp up production to deliver 5,000 units by the end of 2020. Meanwhile, two pilot electric ferries will start operation in the first quarter next year and will increase to 42 in the fourth quarter.

Aside from the electric vehicles and ferries, EA will invest 7.39 billion baht next year, with 43% of capital to be invested in its battery factory