Shanghai (ZXZC)- On July 25, Chinese new energy vehicle maker Skyworth Auto officially commenced its new energy vehicle (NEV) collaboration in Thailand, partnering with Thailand's Professional Association Public Taxi Motorist, Japan's Sunlight Capital Co., Ltd., Wind God Automobile Co., Ltd., and Westpac Trust Bank, according to a post on Skyworth Auto's WeChat.

Photo credit:  Skyworth Auto

The collaboration's highlight is the joint development of a new brand, Fregata, by Skyworth Auto, Wind God Automobile Co., Ltd., and Sunlight Capital Co., Ltd. The three companies signed a strategic cooperation framework agreement, aiming to engage in deep cooperation in the NEV sector and the artificial intelligence digital industry. Through the establishment of an intelligent center and AI digital industry in Thailand, Fregata aims to cover the entire industrial chain from R&D to sales and service, offering global consumers smarter and more eco-friendly travel options.

At the signing ceremony, Skyworth Group and Skyworth Auto's founder Mr. Huang Hongsheng highlighted Thailand's strategic location in Southeast Asia and the favorable policies from the ASEAN agreements, which benefit exports to neighboring countries. He added Skyworth Auto is committed to establishing a localized high-tech enterprise, utilizing the Skyworth ecosystem to form unique advantages in intelligence. This partnership will introduce more high-quality, high-performance NEV products to the Thai market, meeting local consumer demand for green travel. The mutually beneficial market scenario is set to deliver stable revenue growth and broader development opportunities for both parties.