Thailand’s PTT and China’s Hozon Enter a Joint Agreement

PTT, a Thailand-based Oil, and Gas giant announced earlier this month that they are signing an agreement with a Chinese electric vehicle (EV) company, Hozon as a joint venture. The news has come only a few months after PTT partnered with an electronics company, Foxconn. Previously, PTT announced an investment worth 1-2 billion dollars in the production of EVs in the coming six years. It plans to produce roughly fifty thousand electric vehicles....