Charging Infrastructure & Networks

The State Railway of Thailand is not involved. This is a collaboration between National Telecom Public Company Limited, or NT, and MEA Smart Energy Solutions Company Limited, or MEAei, to develop a Smart EV Ecosystem Management project. Suwanna Hansajarupan, Senior Executive Vice President for the Enterprise Business Division at NT, and Patra Suwandech, Director and Acting Managing Director of MEAei, signed the agreement, with Associate Professor Dr. Rangsan Wongsan, Chairman of MEAei, presiding over the ceremony at NT's headquarters on Chaeng Watthana Road. Under this collaboration, NT will put its existing non-telecom space nationwide to strategic use and will support communications networks and digital platforms such as cloud computing, data platforms, charging management systems, cybersecurity, and IoT platforms. The two organizations will develop the project under the name NEXA EV Station Hub, which comprises the concepts N for National Network, NT's nationwide network; E for Energy Ecosystem, MEAei's energy ecosystem; X for Experience and Connection, user connectivity and experience; and A for Access for All, access to services for everyone. The goal is not merely to increase the number of electric vehicle charging stations, but also to cover the development of digital infrastructure and data management systems in order to create an EV ecosystem that links various services in a fully integrated way.

Tesla said it will operate public Megacharging locations at three electric-truck depots being developed by Forum Mobility in California, adding a combined 30 megawatts of charging capacity using Tesla's Megawatt Charging System alongside CCS connectors. The announcement came as Tesla shares climbed about 1% Friday morning, lifted by a broader move into consumer-discretionary stocks that also boosted automakers. General Motors, Ford and Stellantis all gained on Thursday, while the consumer-discretionary ETF rose faster than the broader S&P 500, suggesting the advance was partly tied to sector-wide buying rather than a single Tesla catalyst. Broader market conditions were supportive as well, with oil prices falling about 2% and the 10-year Treasury yield declining, helping ease pressure on equities. Tesla's gain therefore reflects both the new charging-network development and the wider rebound across consumer and automotive stocks.

Xeal launched Laitent, which it calls the world's first edge inference compute network using idle EV charging capacity, tapping more than 200MW of permitted, installed electrical infrastructure across 1,600+ properties. Xeal, a member of NVIDIA Inception, plans to deploy over 100,000 NVIDIA GPUs alongside EV charging infrastructure, and has secured partnerships with Rafay Systems for AI infrastructure orchestration, Spectrum Business for dedicated enterprise-grade fiber, dozens of real estate and property managers, and a Tier 1 inference provider for up to 5MW of compute. The first Laitent Pod will be brought online with partner JVM Realty by the end of 2026. Each Laitent Pod is about the size of one parking space, contains up to 48 NVIDIA Hopper or Blackwell Ultra GPUs, requires no water hookup, and runs quiet at less than 65 decibels, offering sub-20ms latency in metro areas. Xeal said EV charging sites typically operate at less than 10% of permitted capacity, and it taps the remaining 90% for compute, with property owners able to add as much as $1m in property value for little-to-no upfront investment. Looking beyond the initial 200MW of installed charging capacity, Xeal plans to unlock over 1GW of existing headroom across real estate and EV charging deployments.

Tesla will operate high-power charging stations at three new Forum Mobility electric truck depots in California, expanding the charging network its Semi heavy-duty truck needs to grow. The sites in Ontario and Oakland will use Tesla's Megawatt Charging System alongside standard CCS charging ports, and Forum is adding 30 megawatts of charging capacity across them. At Forum's Santa Fe facility in Rancho Dominguez, fleet operators have committed to more than 330 Tesla Semis, and the depot will also serve other commercial electric trucks. Forum already operates Tesla Megachargers at its Port of Long Beach location, which opened in late 2024. Tesla is preparing to take the Semi beyond North America, with a European launch planned for next year, making California an important proving ground for whether growing charging access can turn early fleet commitments into a broader Semi rollout.

The Energy Policy and Planning Office, or EPPO, reported that primary commercial energy consumption in the first six months of 2026 was approximately 2,062 thousand barrels of oil equivalent per day, up 0.9% from the same period a year earlier, in line with Thai economic growth of 2.4%. EPPO Director Wattanapong Kurovat said electricity use rose 6.0%, with total electricity consumption of 109,846 gigawatt-hours, and natural gas use increased 8.5% to 4,937 million cubic feet per day. Refined oil consumption fell 0.8% to 142.7 million liters per day, partly a result of higher prices amid uncertainty from the conflict in the Middle East. Coal and lignite use dropped 16.5% to 5,899 thousand tons of oil equivalent, with lignite down 52.5% because the Mae Moh power plant halted some of its generating units, while carbon dioxide emissions from energy use fell 0.4% to 121.0 million tons of CO2. In the land transport sector, electricity use at charging stations rose 87.1%, consistent with cumulative registrations of BEV electric vehicles as of June 2026 reaching 491,496 units, up 66% from 296,813 units in June 2025. EPPO expects energy demand for all of 2026 to rise 1.4%, but says the Middle East conflict, uncertainty over US trade measures, and weather factors still need to be monitored. Dubai crude oil stood at 126.70 US dollars per barrel on September 14, 2026, and the average Asian LNG price over the first eight months of the year was 16.70 US dollars per million BTU, higher than the 2025 average of 12.16 US dollars per million BTU.

New registrations of battery electric vehicles in Europe rose 54.2% year-on-year in August, accounting for roughly one in three new cars sold and far outpacing forecasts for 2026. According to data from E-Mobility Europe, New Automotive and Fierce Automotive, BEV registrations across 16 major European markets rose to 202,833 units, giving fully electric vehicles a market share of 30.5%. BEV registrations across Europe as a whole have exceeded 1.67 million units since the start of the year, up 33.1% from the same period a year earlier. T&E had forecast a BEV share of 23% in the EU this year, while Rho Motion expected around 21% for Europe as a whole, but BEV registrations in the 16 markets have risen 33.1% year-to-date, exceeding forecasts for the combined plug-in market of BEVs and plug-in hybrid vehicles. By country, France's BEV market share rose to 38.3% in August and Germany's to 32.5%, with fully electric registrations reaching 36,159 units in France and 68,980 units in Germany. Among Europe's most electrified markets, Norway led with a BEV share of 98.7%, followed by Denmark at 85.9%, Finland at 52.3%, the Netherlands at 48.9%, Belgium at 46.2% and Portugal at 36.1%.

TMBThanachart Bank, or TTB, has partnered with PTT Oil and Retail Business, or OR, to launch the ttb fleet card, the first card in Thailand to combine fuel purchases at PTT Station service stations and electric vehicle charging through the EV Station PluZ charging network in a single solution. Kanokporn Chutha, Head of TTB Business Product Management, and Piman Puengsri, Senior Executive Vice President of OR's Oil Retail Business, jointly developed and expanded this product. The ttb fleet card allows business customers to track, monitor, and control energy expenses in real time, and to set card usage permissions themselves through the ttb web fleet portal, increasing transparency and reducing paperwork. It supports both internal combustion engine vehicles and electric vehicles, as well as the Top Up Card, Top Up Plus Card, and Privilege Card products. The ttb fleet card is also part of TTB's Total Business Car Solutions, which covers everything from vehicle procurement and liquidity enhancement to risk management and energy cost management.

Singapore's electric vehicle market is forecast to grow 7.9% annually to reach US$1.17 billion in 2026 and approximately US$1.58 billion by the end of 2030, according to the Databook Q2 2026 Update added to ResearchAndMarkets.com. The market, which grew at a compound annual growth rate of 7.2% between 2021 and 2025, is projected to maintain a 7.7% CAGR from 2026 to 2030, rising from US$1.09 billion in 2025. The report tracks more than 100 key performance indicators across vehicle type, drive type, vehicle class, powertrain, propulsion type, distance range, charging type, charging infrastructure, connectivity and key players. Wider model availability from BYD, Tesla, Hyundai, BMW and Mercedes-Benz is intensifying competition, while the Land Transport Authority has awarded contracts for 660 electric buses to suppliers including ST Engineering Mobility Services with CRRC, BYD, Yutong, and Cycle & Carriage Automotive with Zhongtong. Shell Singapore, SP Mobility and Charge+ are among the companies developing the country's charging ecosystem, and partnerships such as Grab with WeRide and Momenta, and ComfortDelGro with Pony.ai, point to a convergence of electrification and autonomous mobility. Reuters reported that BYD led Singapore vehicle sales during the first four months of 2025, ahead of Toyota and Tesla, with additional Chinese brands including Chery, Deepal and Dongfeng widening consumer choice.

Blink Charging reiterated its goal of reaching approximately EBITDA breakeven by the end of 2026 while accelerating its buildout of DC fast-charging infrastructure. The company reported second-quarter revenue of just under $22 million and gross profit of $8.4 million, with GAAP gross margin of about 39% and adjusted, non-GAAP gross margin of nearly 48%, and it narrowed its quarterly EBITDA loss to $2.2 million from nearly $8 million a year earlier, a figure that would have been about $1.4 million excluding the sale of its Envoy EV car-sharing business. Blink said it raised $18.5 million on a net basis in December, mostly earmarked for capital expenditures on DC fast-charging stations, and currently has 25 sites under construction that are expected to add about 118 electrified charging stalls by year-end, part of a plan to reach 169 DC fast-charging sites and more than 500 electrified stalls by the end of the year. The company, which operates in the U.S., United Kingdom and Belgium and owns and operates approximately 7,000 charging stations, is shifting capital spending away from Level 2 AC charging equipment toward DC fast charging, and it targets increasing recurring revenue from roughly 50% to 60% of its mix today to 80% by 2028. Blink also highlighted its EnergyConnect energy-management platform, now expanded to 45 sites from an initial 11 company-owned locations, which it estimates saves about $360,000 in annual electricity costs across those sites and could represent a roughly $115 million opportunity over the next five years.

Energy Absolute, or EA, disclosed that the Bangkok E-Bus Programme has delivered greenhouse gas reductions from its 2025 operations totaling 57,327 ITMOs to the KliK Foundation in Switzerland, bringing cumulative deliveries to 108,960 ITMOs. The programme is just one part of EA's Green Energy Ecosystem, which links clean energy, batteries, electric vehicles, charging infrastructure and carbon management together. The Bangkok E-Bus Programme puts more than 2,000 electric buses into service in Bangkok and its vicinity to replace buses running on diesel and natural gas, and the greenhouse gas reductions from actual operations can be measured, verified, certified and transferred internationally under Article 6.2 of the Paris Agreement. Chatpol Sriprathum, Chief Executive Officer of EA, said the programme is a clear example that EA's Green Energy Ecosystem can create value along the entire chain, and noted that ESG is not separate from the core business but is part of the company's growth strategy.

China aims for 70% of new vehicles sold in the country to be electric or hybrid by 2030 under its latest five-year automotive industry plan, drafted by nine government agencies and published on Friday. The 15th Five-Year National Economic and Social Development Plan also targets 40% of new commercial vehicles sold by 2030 to be electric, while expecting several Chinese automakers to rise into the world's 10 largest carmakers and to play a bigger role in setting global automotive industry standards. Currently, BYD, SAIC Motor and Geely Automobile rank among the world's 10 largest automakers by sales last year, but still lag the top three of Toyota Motor, Volkswagen and Hyundai Motor Group. The previous plan in 2021 had targeted EVs and hybrids at 20% of new car sales by 2025, but China far exceeded that goal, with data from the China Passenger Car Association showing the share rose to 54% last year, and new energy vehicles most recently accounting for 65% of car sales in August. Although the plan sets no numerical target for autonomous driving cars, its emphasis on expanding the use of driverless vehicles is a positive signal for the industry, after China suspended approval of new Robotaxi permits for several months this year following system failures in Baidu's vehicles in Wuhan. China's domestic car market is facing challenges, with car sales in the first eight months of this year down 21%, while a prolonged price war erodes manufacturers' profit margins. Beijing has therefore issued more than half a dozen new standards and regulations, covering everything from door handles and driver-assistance technology to batteries, to raise safety levels, and said in the plan that it wants to push forward reform of automakers, encourage mergers and acquisitions, and open the way for inefficient manufacturers to exit the market to ease the industry's overcapacity problem. Battery technology and recycling are another key agenda item, with the plan calling for standards for new forms of battery cell technology such as solid-state batteries, as well as improving the recovery and reuse of key metals including lithium, cobalt and nickel.

The Federation of Thai Industries (FTI) has come out in support of the principle of restructuring the automotive excise tax, after the National Electric Vehicle Policy Committee, or EV board, approved the principle at a joint meeting with the government sector on 10 September, assigning the Excise Department to work out the details for submission to the Cabinet. Pimjai Leeswadnukul, president of the FTI, said the EV board meeting considered the principle of restructuring the automotive excise tax in order to use tax measures to drive real investment and domestic production, promote the use of local parts and raw materials, create fair competition, and push Thailand to become a global automotive production and export base. Data presented at the meeting showed that in the first seven months of 2026, BEV registrations totaled 126,950 units, up 88%, and xEV vehicles together accounted for 55% of all vehicle registrations. Meanwhile, the Board of Investment (BOI) has promoted investment in the electric vehicle industry and related businesses across 189 projects worth 151.372 billion baht, including plans to install 23,135 charging outlets and additional investment plans by domestic manufacturers totaling more than 50 billion baht. Pimjai said Thailand's automotive and parts industry across the entire supply chain generates more than 10% of GDP, involves more than 2,500 companies, and is linked to more than 800,000 jobs. Therefore, measures must be set to deliver concrete benefits that extend to parts makers, supporting industries, and SMEs. She added that the FTI is ready to act as an intermediary between the government, car manufacturers, parts makers, and related associations to gather information and proposals from the industrial sector so that measures can be formulated appropriately, clearly, and in a way that can actually be implemented.

The EV Board has approved a plan to restructure excise taxes on electric vehicles into three tiers, aimed at encouraging manufacturers to invest more and use more locally produced parts. Vehicles made in Thailand with high local content will receive the lowest tax rate, while imported vehicles from operators without a production base in Thailand will be taxed at the highest rate. A subcommittee will also be set up to accelerate development of the battery supply chain, used batteries, and EV charging infrastructure. The research arm of Kasikorn Bank sees this as positive for auto parts stocks and industrial estate operators that stand to benefit from production relocation and increased local content, while importers of fully assembled EVs may face pressure from the new tax structure.

Regency Centers Corporation and EVgo Inc. are expanding their partnership to add more than 400 EVgo charging stalls at Regency locations across the United States, a build-out expected to expand Regency's EV charging infrastructure footprint by more than 20%. The relationship dates to 2020, when EVgo installed its first charger at a Regency center, and EVgo now operates more than 150 stalls across Regency locations. The new stalls are expected to be located at metropolitan-area retail centers in Colorado, Florida, Illinois, New Jersey, New York, Pennsylvania, Texas, Virginia and other states, with each new EVgo site potentially featuring up to 24 high-power chargers capable of delivering a full charge within 15 minutes depending on the vehicle. Regency's 2025 corporate-responsibility highlights show EV charging stations already installed at 33% of properties, while second-quarter 2026 Same Property net operating income rose 3.8%, leased occupancy reached 96.9% and the company maintained about $1.5 billion of revolver capacity.

Researchers at China Petroleum & Chemical Corporation, known as Sinopec, expect China's electric vehicle penetration rate to keep rising and reach 75 to 80 percent by 2030. Wang Fuli, deputy director of the Sinopec Economics and Development Research Institute, told an APEC conference in Singapore that EVs are expected to displace 56 million tons of oil demand in China this year, equivalent to about 1.2 million barrels per day, or nearly 15 percent of the country's total refined petroleum product demand. EV penetration in China was just 5 percent in 2020, but rose to 53 percent last year and reached 65 percent in July. The figures include both battery electric vehicles and plug-in hybrids. According to Wang, nearly all of China's public transport vehicles are now electrified. She cited past government subsidies and the country's extensive charging infrastructure as factors behind the rapid adoption.

Rivian's much-hyped R2, which began customer deliveries on June 9, 2026, is about more than boosting sales—it underpins a strategic partnership with Uber that could unlock high-margin recurring revenue. Uber will invest up to $1.25 billion in Rivian through 2031, contingent on meeting certain milestones, and plans to deploy 10,000 fully autonomous R2 robotaxis in the first phase of their joint venture, with initial deployments in San Francisco and Miami in 2028 and expansion to 25 additional cities by 2031. The companies may negotiate the purchase of up to 40,000 additional R2 vehicles starting in 2030. Uber will pay licensing fees for Rivian's autonomous driving software, a recurring revenue stream that could significantly boost gross profits. Analysts note that robotaxi potential drives a substantial portion of Tesla's valuation—Ark Invest estimates 88-90%, Bank of America 52%, and Morningstar about 30%—highlighting the potential value for Rivian.

Bloom Energy has been officially named to join the benchmark S&P 500 index, a change effective before the market open on Sept. 21, 2026, and its stock rallied as much as 9.6% on Sept. 8 following the announcement. The company reported record revenues of $1.07 billion in the second quarter of 2026, a 166% year-over-year increase, driven by a 215% surge in product revenues, fueled by AI data center power demand. Management raised full-year 2026 revenue guidance to $3.9 billion to $4.2 billion, reflecting 100% growth at the midpoint, supported by a partnership with Oracle for up to 2.8 gigawatts of fuel cell capacity and a fivefold expansion of its funding framework with Brookfield Asset Management to $25 billion. The short-term price target from 22 analysts is $274.86, implying about 8.70% upside. Given Bloom Energy's high valuation with a price-to-earnings ratio of 67.99 versus the S&P 500's 20.09, ETFs offer a diversified way to gain exposure, including the Global X Hydrogen ETF, which holds Bloom Energy at 17.21% weight, the iShares Global Clean Energy ETF at 8.51%, and the Global X U.S. Electrification ETF at 5.53%.

The Ministry of Finance is preparing to open registration for households to join the rooftop solar installation project for 1 million homes in mid-October. The government will subsidize 50,000 baht per household, with a total budget of 50 billion baht, which is less than last year's welfare card budget but provides long-term benefits over 25-30 years. Deputy Prime Minister and Finance Minister Mr. Ekniti Nitithanprapas said that the Ministry of Interior will propose project details by this Friday or early next week, and it is expected to be completed by the end of next year. This project is a mechanism to "repair and build" the economy to cope with the soaring energy and oil prices due to conflicts abroad. The highlight is that citizens do not need initial investment, as the Electricity Generating Authority of Thailand, Metropolitan Electricity Authority, Provincial Electricity Authority, together with Government Savings Bank, Government Housing Bank, and Bank for Agriculture and Agricultural Cooperatives will provide upfront funding, then deduct repayments from electricity sales revenue. Households installing a 5-kilowatt system will earn about 1,000 baht per month over the system's 25-30 year lifespan. Additionally, the Board of Investment is preparing to promote domestic solar panel production and reduce import duties on raw materials, while the Ministry of Labor will train workers to support new jobs from this project nationwide.

The Ministry of Energy has opened a public hearing on the draft Power Development Plan of Thailand for 2026–2050 (PDP2026), with expectations that official clarity will be achieved within the fourth quarter of this year, after revising the draft according to recommendations and submitting it to the Energy Policy Administration Committee (EPAC) and the National Energy Policy Council (NEPC), respectively. The plan aims to keep the average electricity price throughout the plan close to and not exceeding 3.88 baht per unit. It also officially includes small modular nuclear reactor (SMR) technology as an option, with a target maximum power generation capacity of 9,000 megawatts. Additionally, it prepares to handle the increasing electricity demand from data centers and electric vehicles. The three electricity authorities have already approved investment budgets for improving the transmission system totaling 300–700 billion baht.

OR is transforming its service stations into more than just fuel stops by expanding into food, beverage, and retail businesses. It has partnered with Minor to bring leading restaurant brands into its network and is investing in EV and digital platforms to drive growth in the new energy era. While the energy business remains the main revenue base, OR aims to make the Lifestyle business a key growth pillar in the future. Cafe Amazon sold 117 million cups in the second quarter, up 4.5%, a record high, and opened the world's first Cafe Amazon Experience in Ari. OR signed a partnership with Minor to bring four restaurant brands—The Pizza Company, Dairy Queen, The Steak & More, and Chiho Ramen—into its service station areas. It is also expanding its EV Station PluZ network, developing digital platforms, increasing pipeline transportation share in TPN, and has been selected for the Dow Jones Best-in-Class Indices for the third consecutive year.

Barclays analysts project that the global energy sector will require about $3.6 trillion in annual investment by 2027, driven by artificial intelligence, electrification, and energy-security concerns. This spending, spanning oil and gas, LNG, pipelines, power generation, grids, renewables, storage, and electrification, is expected to grow by more than 5% annually and exceed three times the capital needed for planned AI infrastructure. The bank describes an era of "energy addition," where demand for conventional and low-carbon energy rises simultaneously, with global energy demand growing at a 1.9% compound annual rate from 2025 to 2050. Data centers alone could add about 32 quadrillion BTUs of energy demand by 2040, equivalent to over 600 gigawatts and roughly matching Russia's 2025 consumption. Underinvestment has left upstream oil and gas capex about 45% below its peak, and over 2,500 GW of renewable and storage projects await grid connections, making grids and transmission networks major constraints. Barclays sees opportunities across upstream, oil services, LNG, pipelines, utilities, and clean tech, with 2028 earnings estimates for preferred stocks averaging 11% above consensus and price targets implying about 30% upside.

PG&E Corp. has partnered with Tesla, Google, Sunrun, and Carrier to launch a virtual power plant experiment in the Bay Area, aiming to connect over 20,000 smart home devices as a flexible grid resource. The initiative will coordinate batteries, heat pumps, and other linked appliances to shift energy use away from peak times, potentially reducing reliance on traditional power stations. PG&E will manage planning and validation, while Carrier will deploy battery-enabled heat pumps that automatically store and shift energy. The program could help participating homes save money and improve grid reliability, according to Sunrun. For investors, the project highlights the growing value of distributed energy as utilities seek capacity without costly new infrastructure. The key test is whether PG&E can prove the concept works well enough to expand beyond the initial rollout.

Ms. Chanapan Chuangrungruangkit, Senior Vice President of Thai Summit Group, revealed at the seminar "Thailand Transition: Changing Thailand's Future" that Thailand's automotive industry is facing a crisis, with the share of Thai private investment continuously declining, contrasting with foreign direct investment (FDI) which surged to 57% in 2025. SME promotion projects in the automotive sector dropped from 14 projects in 2024 to just 1 project in 2025, reflecting a severe contraction among Thai entrepreneurs. Meanwhile, car production in Thailand fell to 1.45 million units, compared to China's 34 million units, making it impossible for Thailand to compete on production scale. Therefore, she proposed adopting an "Economy of Scope" strategy to produce diverse products using shared resources, while not abandoning the production base for pickup trucks, internal combustion engine vehicles, and hybrids (21%), but also embracing EVs to strengthen and expand the ecosystem. She also proposed four strategies: promoting domestic demand, adjusting zoning to grant benefits to SMEs in secondary cities for setting up EV charging stations, enforcing strict local content requirements rather than merely assembling parts in Thailand, and investing in the EV battery recycling industry, which would become the country's new S-Curve.

EV Station PluZ, operated by PTT Oil and Retail Business Public Company Limited (OR), has announced a partnership with three leading banks: TMBThanachart Bank (ttb), Kasikornbank (KBank), and Krungthai Bank (KTB). Together, they have launched the "EV Payment Solution," an innovative system for managing expenses and payments for electric vehicles, designed to serve both individual users and corporate clients. The launch event, attended by OR's CEO and senior executives from all three banks, took place at the Ministry of Energy. This system helps overcome limitations in budget control, risk management, and centralizing expense data into corporate accounts. Currently, EV Station PluZ operates a network of over 1,350 charging stations nationwide, with a goal to expand its DC charging ports to 7,000 by 2030, along with plans to develop EV Truck Stations for commercial trucks. This collaboration marks the first time a service provider has developed a system jointly with leading financial institutions, supporting the Net Zero target by 2050.

ITTHI reveals a backlog of 535 million baht, and is accelerating its performance in the second half of the year and expanding its "Gridex" EV charging stations to 20 locations. In the first half, total revenue was 290 million baht, comprising 79.6% from government work, 19.65% from real estate, and initial revenue recognition from solar rooftops and EV charging stations. The backlog is divided into 300 million baht from government work, 200 million baht from real estate, 30 million baht from EV charging stations, and 5 million baht from solar rooftops. The company targets a net profit of 200 million baht by 2028 under the JUMP+ plan, and is preparing to sign contracts for commercial electric trucks and electric garbage trucks in the fourth quarter.

QTC views the government's policy supporting residential solar rooftop installations and power buyback as a positive factor for demand for electrical transformers, which are key components in the power grid. The company is preparing to participate in more project bidding from Thai power utilities, following a backlog in its transformer business worth nearly 1 billion baht. It expects to recognize revenue continuously until the end of this year and has opportunities to secure new projects both domestically and internationally in the second half, which will help its 2026 performance meet the revenue target of 2 billion baht, after generating 1.2 billion baht in the first half. Meanwhile, the surge in copper prices from over 300 baht per kilogram to over 500 baht does not affect the business, as the company has locked in copper prices with suppliers for six months starting March 2026 and has hedged against exchange rate risks.

Li Auto delivered 37,679 vehicles in August, a 32% increase year over year, bringing cumulative deliveries to 1,801,834 as of August 31, 2026. The company plans to launch the new Li MEGA, a flagship MPV, on September 2, with upgrades in interior design, cabin experience, intelligent platform, and driving dynamics. In mid-September, it will expand its battery-electric lineup with the Li i9, a pioneering flagship family SUV, and roll out MACH VLA to vehicles on the Thor and Orin-X platforms. Li Auto will also host a product launch event in Dubai to begin sales in the Middle East. As of August 31, the company operated 487 retail stores in 160 cities, 533 servicing centers, and 4,162 super charging stations with 22,939 charging stalls in China.

B.Grimm Power or BGRIM has announced an organizational restructuring and the establishment of 4 main business units to support the new Power Development Plan (PDP 2026), aiming to become a fully integrated energy technology company. The business units include B.Grimm BeyondBridge, which focuses on developing Digital Infrastructure as a Service (DIaaS), building on the 216.76-kilometer Smart Micro Grid, supporting the liberalization of the electricity grid (TPA). B.Grimm iNET, a joint venture with iNET, elevates industrial estates to Smart Industrial Estate. Digital Edge B.Grimm develops a Hyperscale data center with a capacity of 96 megawatts, with an investment value of 26 billion baht in Chonburi, now over 45% complete, gradually commencing operations by the end of 2026 and expanding to 300 megawatts by 2030. Meanwhile, the clean energy business under the GreenLeap strategy targets a total contracted capacity of 10,000 megawatts, increasing the renewable energy share to over 50% by 2030 in Thailand, South Korea, the Philippines, and Japan. For short-term revenue, BGRIM has surplus capacity ready for immediate grid connection of 250 megawatts in Map Ta Phut and Ang Thong, without waiting for new projects, and is in talks to sell land with electrical systems to data center developers, creating a Data Center Ecosystem. New projects set to commence operations include the Nakwol 1 offshore wind farm in South Korea, with a capacity of 365 megawatts, holding a 49% stake, expected to reach commercial operation in 2026 after purchasing 85% of Unison's convertible bonds worth 32 billion won. The Zhongce Rubber rooftop solar project has a capacity of 35 megawatts. The Huong Hoa 1 onshore wind farm in Vietnam has a capacity of 48 megawatts, and others totaling 30 megawatts. The Inthri B.Grimm Solar project, with a capacity of 83.79 megawatts, commenced operations on February 19, 2026, generating continuous revenue. The first phase of the Amata B.Grimm Power floating solar project, with a capacity of 17 megawatts, will start recognizing revenue on July 1, 2026. Subsidiary ARECO has signed a renewable energy power purchase agreement for 50 megawatts from the Vista Alegre solar farm, with an installed capacity of 65 megawatts in the Philippines, with the National Transmission Corporation under the Green Energy Auction–4 program, and is preparing to support SMR technology through partnerships with European and Chinese allies.

Mr. Ekniti Nitithanprapas, Deputy Prime Minister and Minister of Finance, revealed that by September 2026, clarity will be achieved on the solar rooftop installation project aimed at reducing the burden on the public and transitioning to clean energy. This is the first project under the emergency decree authorizing the Finance Ministry to borrow funds to address the energy crisis, with a total amount of 400 billion baht. The second phase, with a budget of 200 billion baht for the energy transition, will support both household solar rooftop projects and the transition of public transport vehicles, without a per-project limit. A screening committee, chaired by Mr. Lavaron Sangsnit, Permanent Secretary of the Ministry of Finance, will consider the suitability, but total spending must not exceed 200 billion baht. The Finance Ministry has discussed the infrastructure with the Ministry of Energy, the Provincial Electricity Authority, and the Metropolitan Electricity Authority, confirming that sufficient funds are available. It has also discussed with Mr. Yoschanan Wongsawat, Deputy Prime Minister and Minister of Higher Education, Science, Research and Innovation, about upgrading Thai workers' skills to align with technology and clean energy. Meanwhile, he has ordered a prompt review of the vehicle tax structure to be completed by September 2026.

Chinese electric vehicle giant BYD has announced that its fast-charging stations have reached 10,000 locations, with plans to expand to 20,000 by the end of 2026. These 10,000 stations are part of the company's overall fast-charging network, and it intends to double this number in the future. BYD is rapidly building out charging infrastructure, primarily in China, aiming to boost the adoption of electric vehicles.

EGCO Group has set an investment budget of approximately 30 billion baht for the second half of 2026 to expand its natural gas and renewable energy power plant portfolio, while using Asset Recycling to enhance financial flexibility. Mr. Thawatchai Sumranwanich, Chief Executive Officer, stated that the company will focus on investing in assets that generate cash flow and seek opportunities in the United States, which is its second-largest investment base after Thailand. Domestically, the company sees that PDP 2026 and Direct PPA will create opportunities in five areas: expanding capacity from existing power plants, renewable energy, battery energy storage systems (BESS), SMR technology, and the Eko Rayong Industrial Estate (ERIE), which supports data center demand. Meanwhile, first-half performance has bolstered cash flow, and the board has resolved to pay an interim dividend of 3.25 baht per share, with a yield of 4.96%, payable on September 18, 2026.

The House of Representatives has approved a royal decree authorizing the Ministry of Finance to borrow up to 400 billion baht to address the energy crisis and drive the country's energy transition. The government has allocated 200 billion baht for the energy restructuring plan, covering the reduction of fossil fuel use, expansion of renewable energy, development of the power grid, promotion of electric vehicles, and workforce skill development. Government spokesperson Ms. Ratchada Thanadirek stated that the government has set a Negative List prohibiting the use of loan funds for hiring consultants, study trips, or purchasing materials for public distribution, and the funds must not duplicate the annual budget. Projects must have clear goals and indicators under the New e-Budgeting system.