HKIC-backed start-up Spark forms historic Thai partnership for EV charging stations
- HKIC’s maiden overseas initiative will help Thailand’s green transformation with cutting-edge technologies developed by Hong Kong firms, Paul Chan says
An electric vehicle (EV) start-up backed by Hong Kong’s government-owned investment arm has formed a partnership with a Thai energy company, the first of its kind overseas, to supply green transport solutions.
The Hong Kong Investment Corporation (HKIC)-backed Spark and Bangchak plan to set up more than 1,000 EV charging stations within the next five years in Thailand to enhance the EV charging network in the Southeast Asian nation amid rapid adoption of battery-powered cars.
“Hong Kong is proud to assist Thailand’s green transformation using cutting-edge technologies developed by our tech firms and contributing our experience, innovation and expertise,” Financial Secretary Paul Chan Mo-po said on Thursday.
The collaboration reinforces Hong Kong’s aspiration to become an international green tech and green finance centre, and to help construct a vibrant green tech ecosystem in Southeast Asia, he added.
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Chinese EV maker BYD launches its first Southeast Asia factory in Thailand
The EV sector in Thailand is on the rise as the country aims to peak greenhouse gas emissions by 2030, achieve carbon neutrality by 2050 and reach net-zero greenhouse gas emissions by 2065. By 2030, Thailand aims to convert 30 per cent of its annual production of 2.5 million vehicles into EVs, according to a government plan.
