NEX builds electric bus and truck business with new deals and funding
Government clean-energy policy boosts NEX Thailand allocated 200 billion baht to boost clean energy and electric transport. NEX is seen as a top beneficiary in electric buses and trucks, which could increase demand for its vehicles and support its stock price.
This policy directly drives demand for NEX's core products and is a new catalyst.
NEX becomes official distributor of SINOTRUK electric trucks NEX secured exclusive rights to sell SINOTRUK's heavy-duty electric trucks in Thailand. This expands its product lineup and opens a new revenue stream, potentially lifting future profits and the stock price.
This is a new partnership that broadens NEX's market and revenue potential.
Shareholders approve acquisition of Thai EV NEX will fully acquire Thai EV for 149.95 million baht via new shares, adding small and medium electric commercial vehicles to its lineup. This creates cross-selling opportunities and moves NEX toward full-service EV solutions, supporting growth.
The acquisition expands NEX's product range and customer base, a new strategic move.
Credit guarantee and factory readiness for 1,520 electric buses EA approved 9.78 billion baht in credit guarantees, with 1.05 billion for NEX's working capital on the BMTA electric bus project. NEX and AAB also opened their factory to BMTA, confirming readiness to produce 1,520 buses. This de-risks the major order and supports revenue.
These events secure funding and demonstrate operational readiness for a key contract, reducing execution risk.