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Message: LAC Earnings

"Pearls in the string of the production chain."

 

Energy Absolute is one company in Thailand that is producing small numbers of EVs and is expanding its EV production.  In addition, Energy Absolute, is integrating its production of EVs with production of batteries as well.  The paragraph below illustrates how many car companies are doing this vertical integration that Elon Musk has said Tesla will be doing in the future:

"With this approach, Energy Absolute is taking the recently tried and proven approach as companies Tesla and their new Chinese rival, Evergrande, in trying to integrate all stages of the EV life cycle: from electricity generation, through battery production, car manufacturing and charging-point installation. German carmakers also trying to enter South East Asian and South Asian markets are also following the pearls in the string of the production chain – Daimler’s overseas battery production is currently under construction in Bangkok,  and BMW has also localised battery production in Thailand."

The article about Energy Absolute is interesting and the link is:  https://www.electrive.com/2019/06/20/thailands-energy-absolute-unveiled-its-mine-mobility-electric-car/

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