Dr. Ekniti Nitithanprapas, Deputy Prime Minister and Minister of Finance, revealed that after the emergency decree authorizing a 400 billion baht loan was approved by Parliament and became law, the government has immediately begun moving forward with the clean energy transition projects. The solar panel installation support program is the most ready, and it is expected to be clarified by September 2026. Under the 200 billion baht budget, relevant agencies will be invited to submit proposals, which will undergo a rigorous screening process. The framework is divided into three main categories: promoting solar energy, developing the Smart Grid transmission system, and transitioning to clean energy in transportation. Additionally, importance is given to education, with discussions held with Mr. Yosnan Wongsawat, Deputy Prime Minister and Minister of Higher Education, Science, Research and Innovation, on ways to improve the Thai education system. A meeting on data centers and the restructuring of vehicle taxes will be held next week.
NT joins hands with MEAei to launch NEXA EV Station Hub project, building a nationwide EV network
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.
XCharge Posts $10.3 Million First-Half Revenue, Guides Full-Year 2026 to $32.9-$38.2 Million
XCharge reported first-half 2026 revenues of $10.3 million, down 17.5% from $12.5 million a year earlier, with gross margin falling to 38.8% from 51.3% and net loss widening to $11.1 million from $7.3 million. The Nasdaq-listed EV charging provider delivered 262 chargers in the period, a 44.5% year-over-year decline, but said order volume rose and guided full-year 2026 revenue to $32.9 million to $38.2 million, representing growth of approximately 31% to 52%. Operating loss was $11.2 million versus $7.4 million, and non-GAAP net loss was $10.4 million compared with $4.6 million. Cash and cash equivalents plus restricted cash stood at $11.4 million as of June 30, 2026, down from $13.9 million at the end of 2025. Among recent developments, XCharge launched its GridOne photovoltaic and energy storage system and a new generation of its C7 DC fast-charging station, entered a multi-year framework agreement with German fast-charging network operator EnBW, raised approximately $4.4 million in gross proceeds from a registered direct offering of 7.0 million ADSs, appointed Albina Iljasov as Co-Chief Executive Officer effective June 1, 2026, and regained compliance with Nasdaq's Minimum Bid Price Requirement on September 8, 2026.
Tesla to Operate Megacharging at Three Forum Mobility Truck Depots
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.
