Nex Point upbeat on commercial EVs

SET-listed Nex Point, a commercial electric vehicle (EV) assembler under Energy Absolute Plc (EA), expects to escape losses this year thanks to increasing sales and a fundraising plan.

- YUTHANA PRAIWAN

Last year the company posted a loss of 2.76 billion baht, attributed to delays in delivering EVs to customers and the impact of its financial and administration restructuring process.

Nex Point plans to rack up revenue this year from EV sales, particularly 500 vehicles in the second half of this year, said Thanapat Suksuthamwong, the new chief executive.

The company's main products are electric buses, pickups, trucks and tractors.