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BoI approves B36bn Foxconn-PTT EV battery JV

BoI Foxconn PTT Plc Taiwan

This aerial photo shows the Foxconn headquarters in New Taipei City, Taiwan, on May 6, 2022. (AFP photo)

The Board of Investment (BoI) on Monday approved a joint venture worth 36.1 billion baht between Taiwan's Foxconn and PTT Plc to produce batteries for electric vehicles.

The Horizon Plus Co project was one of several investment applications worth a total of 209.5 billion baht in manufacturing and infrastructure that were approved on Monday, the BoI said in a statement.

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