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Bangkok Post
Bangkok Post
Business

Thai-US partnership to invest in EV tech

United States EGAT electric vehicle
Ms Wu and Mr Bundit participate in a memorandum of understanding signing ceremony on a joint investment project on EV and clean energy-related businesses.

Egat International, a subsidiary of Ratch Group Plc, has teamed up with US-based Evlomo Technologies, which runs a battery business, to make a joint US$100 million investment in electric vehicle (EV) charging and energy storage solutions in the US market next year.

Ratch Group is a subsidiary of state-owned Electricity Generating Authority of Thailand (Egat), which earlier announced that it wanted to boost Egat's business opportunities overseas through Ratch Group and Electricity Generating Plc, also a subsidiary of Egat.

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