Hyperdrive

Foxconn Strikes Multibillion-Dollar EV Pact With PTT in Thailand

  • State-owned PTT to work with Foxconn on electric-car platform
  • Partners to offer platform to manufacturers in Southeast Asia
A Foxconn Technology Group hard drive cable from an Apple Inc. MacBook Pro laptop computer.Photographer: Brent Lewin/Bloomberg
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Foxconn Technology Group struck a multibillion-dollar electric-vehicle partnership in Thailand, its latest move to expand in the fast-growing industry at a time more tech companies including Apple Inc. are looking to bulk up their automotive muscle.