Asian Tech Press (Nov 11) -- Chinese EV startup Neta Auto and Thai state-owned SET-listed oil and gas company PTT Public Company Limited (PTT) have signed a strategic cooperation framework agreement to establish a long-term win-win partnership.

PTT and Neta Auto will work together to build a smart car ecosystem that integrates value-added services, infrastructure and user experience to provide high-quality smart electric vehicles to the people of Thailand and ASEAN.

Mr. Zhang Yong, co-founder and CEO of Neta Auto, said, "The Neta V right-hand drive version, built to meet the needs of different users in overseas markets, will be the first to land in Thailand, and Neta will also enter the entire ASEAN new energy vehicle market, with Thailand as the center.

Mr. Auttapol Rerkpiboon, President and CEO of PTT Thailand, said, "The partnership between PTT Thailand and Neta Auto will help drive the emergence of more cost-effective and competitive electric vehicle products in the Thai market, especially as Thailand accelerates its development of the '2030' target. 30 percent of vehicles produced annually in Thailand must be zero-emissions compliant' vision for an all-electric vehicle industry."

It is worth noticing that CATL and Neta have officially signed a strategic agreement. CATL will participate in a D2 round of financing with a strategic investment in Neta Auto.