Energy Absolute markets the Mine Mobility as the first EV designed and built in Thailand.

Energy Absolute markets the Mine Mobility as the first EV designed and built in Thailand.

Photographer: Brent Lewin/Bloomberg
Hyperdrive

Electricity Billionaire Is Building the Tesla of Thailand

  • Energy Absolute making electric cars, batteries, chargers
  • Carmakers looking to Southeast Asia as U.S., China sales cool

It’s the epitome of a closed circuit: the utility helping power one of Southeast Asia’s biggest cities is building electric cars, batteries and charging stations for the nascent market, and then supplying the juice to keep them all running.

Thailand billionaire Somphote Ahunai envisions his Energy Absolute Pcl as a titan of EVs even though there are less than 1,500 battery-powered vehicles in the country. That’s about 0.004% of registered vehicles through December.