Bangkok (VNA) – The Petroleum Authority of Thailand (PTT) aims to focus more on electric vehicle (EV) charging services in line with Thailand's expanding EV market, but will consider adjusting its other EV-related businesses, including its electric car assembly operations.
Kongkrapan Intarajang, chief executive and president of PTT said the refocusing of PTT's EV businesses is part of the company's efforts to revisit oil and non-oil businesses, including holding talks with prospective investors with a view to selling a portion of shares in PTT Global Chemical, Thai Oil and IRPC, which are units of PTT.
But the EV charging business, operated by PTT Oil and Retail Business Plc (OR), a subsidiary of PTT, is robust and growing, he said.
OR earlier announced it plans to increase its investment in the battery charging business via its EV Station PluZ plan. The company expects to have 600 charging outlets nationwide within 2024, up from 400 outlets as of July 2023, with an aim to increase the number to 7,000 by 2030.
Meanwhile, Arun Plus, a wholly-owned subsidiary of PTT, runs EV charging stations under its own "on-ion" brand to benefit from the government's policy to promote the EV industry. The firm also sells EV chargers and provides a charger installation service for home users.
Kongkrapan noted that in the long term, PTT plans to run its charging business under a single brand./.
