VST ECS (Thailand) is a member of VST ECS Group, a leading ICT distributor in Asia Pacific.
Under the agreement, VST ECS will be responsible for marketing and distribution through more than 5,000 company dealers throughout Thailand.
“The business cooperation has occurred because the company foresaw the direction of electric vehicle technology of the future. This is in line with the government's policy to accelerate the change of fuel powered motorcycles at present to use electric motorcycles," said Somsak Pejthaveeporndej, CEOof VST ECS (Thailand).
Possawat Thomas, CEO of Thomas Design, said: "Electric vehicles, especially motorcycles, are getting attention in Thailand’s market due to their affordable price and suitability for urban living. In addition, they are very economical for fleet companies. With this latent demand in the market, Thomas Group aims to be the leader in electric vehicles in Thailand’s market.
"Moreover, environmental concern is another factor boosting demand … since EV motorcycles are environmentally friendly both in terms of air and noise pollution."
"Also, the use of electric vehicles can transform the Thai automotive industry and encourage direct investment in Thailand … in line with the government's strategic plan to promote the use of EV and reduce EV tax policy."
Thomas Design uses the technology from Taiwan to manufacture its electric vehicle at its two main factories in Chonburi and Nakhon Pathom, with 30 per cent local parts and 70 per cent imported from Taiwan. Next year it at aims to increase production and raise the proportion of local parts used to 70 per cent.