Summary by Moomoo AI
Keystone Technology Holdings Limited announced that it has signed a Memorandum of Understanding (MoU) with Spark EV Co., Ltd. to build more than 2,000 EV charging stations in Thailand. Cornerstone will become the principal owner and operations manager of the joint venture Spark. Spark has reached a long-term agreement with Bangchak Corporation Public Company Limited of Thailand to build electric vehicle charging stations in three phases in three phases over four years in Bangchak's network of 2,200 gas stations nationwide. The first phase is expected to start in the first half of 2024, with charging facilities installed at approximately 250 gas stations and completed by mid-2025. The move marks the entry of Cornerstone Technology into the Thai market, bringing its cutting-edge technology and operational experience to the local area to support Thailand's transition towards sustainable transport and clean energy. The date of publication is 19 March 2024.