Thailand-based SakunC Innovation Co to deliver lightweight aluminium electric minibuses in Q1 2020

SakunC Innovation Co, expertise in building boats and vehicles with lightweight aluminium, will reportedly deliver the first batch of 208 units of electric minibuses to local customers in the first quarter of 2020. Marketed by the SakunC brand, the vehicle is priced at 2.3 million a unit, said chief executive Weeraphon Techaphasuksanti.

The assembling of the vehicle will take place at the company’s plant in Suphan Buri, which has the capacity to make 2,800 such units in a year.

The plant required an investment of 1 billion Thailand Baht and received perks from the Board of Investment, according to the report. SakunC expects that by the end of this year, the revenue will reach 100 million Thai Baht, and by the year next to 800 million Thai Baht. Thanks to its wide range of products in the market, namely electric buses, electric minibuses, and electric boats.

"The growth next year will mainly stem from new orders and should be supported by the government's policy in promoting electric vehicles [EVs], which should stimulate demand," said Mr Weeraphon.

SakunC also plans to go public in the next three years to raise public funds on the Stock Exchange of Thailand for expanding business overseas.

Mr Weeraphon said SakunC also formed collaboration with the government to develop EVs and provide them to private and public bus organisations. Its recent project also included boat-building, in collaboration with Science and Technology Ministry, using lightweight aluminium to make water transport safer.