Announced on November 12, 2025, Thailand’s SET-listed Energy Absolute PCL (EA) and its subsidiaries (the Group) posted a Q3 2025 net profit attributable to owners of the parent (excluding non-recurring items) of THB 894.46 million, more than doubling from the previous quarter and rising 84.1% YoY. The Group’s Electri
On June 9, Nex Point, a Thai commercial EV assembler under Energy Absolute Plc (EA), announced that it expects to return to profitability in 2025, driven by recent fundraising and the planned delivery of approximately 500 electric commercial vehicles.
In 2024, the company posted a net loss of THB 2,765.60 million, at
Announced on May 23, 2025, Thailand SET-listed NEX Point PLC has become a subsidiary of Energy Absolute PLC (EA) after EA’s subsidiary, EA Mobility Holding Co., Ltd., increased its stake to 49.99% as of February 17. This move is expected to strengthen NEX Point’s competitiveness in the commercial electric vehicle mar
Reported on March 31, 2025, Energy Absolute Plc (EA), an SET-listed renewable energy company and EV manufacturer, revealed that it is developing a restructuring plan for its EV business amid the slow domestic auto market. The plan is expected to enable EA to achieve long-term growth.
EA highlighted the importance of
Announced on January 8, 2025, Thailand-based renewable energy firm Energy Absolute PCL (EA) revealed that it has stabilized the business by taking some tough decisions and returned to a strong, positive cashflow. In 2024, it paused the vehicle assembly business (I / II) and scaled down the battery business as part of
Announced on January 8, 2025, Thai Energy Absolute (EA) will collaborate with one of China’s leading battery manufacturers to establish a joint venture in Thailand.
This Chinese company has important customers based in the U.S. and in the European market.
The partnership will see the first large facility in Thailand
Announced on January 8, 2025, Thai Energy Absolute inked an MOU with Chengli Special Automobile Co., Ltd. in December 2024 to produce and export electric special vehicles.
The joint venture partner produces over 30,000 units of special vehicles and exports to more than 30 countries. Under the MOU, the vehicles will b
On January 7, 2025, Thailand-based renewable energy firm Energy Absolute PCL (EA) won near-unanimous shareholder support to raise around THB 7,400 million from a Rights Offering to existing shareholders. The subscription period for the Rights Offering is January 17 – 23, 2025.
EA said the additional capital will furt
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On June 12, 2024, Thai Energy Absolute (EA) announced that it will file a complaint with the Securities and Exchange Commission and the Department of Special Investigation regarding an abnormality in stock trading as mass sell-offs of its EV subsidiary Nex Point’s shares had hampered its investors’ confidence.
The s
Announced on May 15, 2024, Thailand’s Energy Absolute PCL (EA), on May 13, signed a Joint Development Agreement with the Government of Lao PDR for investment in energy sector, establishing Super Holding Company.
This entity will centrally oversee the management and distribution of clean energy, promoting the adoptio
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Announced on May 10, 2024, Thailand-based Energy Absolute PCL (EA) unveiled progress of the important investment projects related to EVs and batteries, operated by its subsidiaries.
Run by AMITA Technology Thailand Co., Ltd. (Amita-TH), the first lithium-ion battery factory in ASEAN with a production capacity of up t
Reported on March 14, 2024, Energy Absolute Plc (EA), a Thai renewable energy and EV developer and operator, revealed that it saw a new opportunity to earn revenue in renewable energy development and will work with a Chinese firm for a new project, which is expected to be concluded in mid-2024.
EA believed that its
Reported on January 26, 2024, NEX Point PCL, a Thailand-based commercial electric vehicle maker, projected its 2024 sales to exceed 5,500 units, supported by the rising demand from transport and logistics operators.
NEX has recently delivered electric tractor trucks to Logistics Asia Co., Ltd., a logistics service pr
Reported on December 19, 2023, SET-listed Energy Absolute (EA) expected the increasing demand for EVs in Thailand to drive its revenue growth in 2024, jumping around 20% from 2023. EA plans to spend THB 14 billion to support its business growth in 2024, of which 46% of the budget would go to the company's commercial
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