Announced on November 12, 2025, Thailand-SET listed AAPICO Hitech (AH) reported a 5.9% YoY revenue decline in Q3 2025 (July - September), as steady performance in its automotive parts business was offset by weaker dealership sales.
Revenue from automotive parts operations remained resilient, supported by growth in P
On September 23, 2025, Thailand’s SET-listed AAPICO Hitech PCL (AH) announced the establishment of a new fully owned subsidiary in Singapore.
The new entity, Able Investment (2025) Pte. Ltd., is structured as a holding company with a registered capital of SGD 1 million (approximately THB 25.5 million).
The establishm
On May 14, 2025, Thailand-based AAPICO Hitech PCL (AH) presented its consolidated financial results for Q1 of fiscal year 2025, ended March 31, 2025.
Total revenue declined by 9.9% YoY to THB 6,830.6 million, while sales and service income alone dropped 9.5% to THB 6,746.2 million, primarily due to a 5.8% decrease in
On May 14, 2025, AAPICO Hitech PCL (AH) announced the establishment of two new affiliates in the United States to support business expansion.
The first is AAPICO Delaware Holdings Corporation, a holding company with registered capital of USD 1,000, wholly owned by AAPICO Hitech and registered in the State of Delawar
Announced on February 28, 2025, AAPICO Hitech PCL (AH), Thailand remains well-positioned with a strong balance sheet and ample liquidity to navigate market fluctuations, despite all challenges in the auto industry in 2024.
While Thailand’s auto sector is expected to recover gradually, AH aims to drive growth through
Based on SET Announcement dated January 8, 2025, AAPICO Hitech PCL approved the establishment of a new subsidiary company in Thailand named “AAPICO GIGA Co., Ltd.” for OEM automotive parts manufacturing business. The plant’s location will be in Rayong province.
With the registered capital of up to THB 500,000,000, A
Announced on May 20, 2024, Changan Automobile Purchasing Center, during the visit to the AAPICO HITECH’s Ayutthaya plant (AH) on May 14, presented a letter of nomination and a car model to the president of AH, symbolizing the start of their cooperation.
Following this initial engagement, Changan Auto Southeast Asia C
Announced on May 14, 2024, Thailand-based AAPICO Hitech PLC (AH) noted a total revenue of THB 7,579.9 million in Q1/2024, down by 7.5% YoY, following decrease in its automotive parts businesses. This was due to the drop in local car production and hence lower volume from major customers.
However, AH said its revenue
AAPICO Hitech Public Company Limited (AH) announced that the Board of Director of Sakthi Global Auto Holdings Limited (SGAH), a 100% subsidiary of AH, passed a resolution on October 27, 2023, approving SGAH to sell all its shares held in Sakthi Auto Component Limited (SACL), representing 77.04% of the issued and paid
On October 25, 2023, AAPICO Hitech PLC (AH) announced the establishment of subsidiary company named Able EV Company Limited with a registered capital limited to THB 15,000,000.
Based in Pathum Thani province of Thailand, the new company is wholly-owned (100%) by AH, and its business type is “Changan Dealerships”.
(F
On October 26, 2023, AAPICO Hitech PLC (AH) announced that dissolution of the business of Hyundai Motor Thailand Company Limited (HMTH). AAPICO Hitech holds 20% (110,000 shares, equivalent to THB 27,500,000) in HMTH.
According to AH, HMTH has not been operating since April 1,2023. This dissolution, however, does not
Eberspaecher Group announced that the joint venture of Purem by Eberspaecher and Thai AAPICO Hitech PLC (AAPICO) opened the new plant on AAPICO’s campus in Rayong, Thailand. The over 3,000 sqm plant will produce passenger car exhaust systems, which will be used in a pick-up truck platform of a leading US carmaker. Th
Eberspaecher announced that the joint venture of Purem by Eberspaecher and AAPICO Hitech Public Company Limited (AAPICO) opened its first plant in Malaysia. The new plant in Rawang covers 4,000 square meters. It will produce exhaust gas aftertreatment systems. About 100 employees will produce and deliver about 400,00
On July 3, 2023, Malaysian carmaker Proton mentioned that Purem Aapico, a joint venture company of German exhaust component supplier Purem International and Thailand-based AAPICO Hitech (AH), will supply the exhaust emission control systems to Proton.
In August 2022, Purem and AH signed an agreement to enter into a p
Announced on July 4, 2023, Advance Vehicle Engineering Global Sdn Bhd (AVEE Global) will be renamed as “Aapico Avee Sdn. Bhd.”, following the announcement of AAPICO Hitech PCL on June 26 regarding the acquisition (60%) of AVEE Global, a subsidiary of Malaysian carmaker Proton. Proton keeps a 40% share.
AAPICO’s initi
AAPICO Hitech PCL (AH) announced the acquisition of Advanced Vehicle Engineering Global Sdn.Bhd. (Avee), an OEM Automotive Parts Manufacturing Business, with a registered capital of MYR 85.81 million (around THB 652 million). AH acquires 60% of the shares, while Perusahaan Otomobil Nasional Sdn.Bhd. (Proton Group, no
On February 28, 2023, Thailand-based AAPICO Hitech PLC (AH) announced that its total revenue in Q4/2022 increased by 34.7% YoY to reach THB 7,878 million. The increase in revenue was driven by its automotive parts business. Higher volume from major customers, new model launch, new product launch, new order from overs
Thailand-based AAPICO Hitech PLC (AH) mentioned that the first batch of EV’s body parts has been handed over to Vietnam-based carmaker VinFast in late October 2022. In addition to car body parts, AH said it also produces door handles and door parts, as well as other plastic auto components for other VinFast models. (
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