Tough decisions yield positive results for EA

Quick Summary:

Energy Absolute Plc (EA), a renewable energy and electric vehicle (EV) developer and operator, won near-unanimous shareholder support to raise 7.4 billion baht from a rights offering to existing shareholders, using the funds to solidify its recovery after five months of intensive restructuring within the group.

EA is currently establishing a joint venture with one of China’s largest special vehicle manufacturers to produce and export electric special vehicles.

EA also signed a memorandum of understanding to establish a joint venture with one of China’s leading battery manufacturers which has important customers in the US and European markets.

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Article Details

Category: EconomyBusiness

Markets: ThailandChina

Topics: Businesses Special Billion Baht Energy Business Battery Company Vehicles

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-08 @ 22:15:00 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 797 words

Reading Time: 5 minutes read

Sentences: 25 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 24978383

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 18 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 1 hours ago

Coverage Areas: Thailand

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News Language: English

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Publisher ID: #66

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