PTT is pushing ahead with a plan to build an EV assembly plant. Development of new businesses, including electric vehicles (EVs), EV batteries, renewable energy and hydrogen fuel, as well as medical products will go on despite rising prices of some raw materials. PTT aims to increase its power generation capacity from renewable energy sources to 12 gigawatts, up from 1GW at present, within 2030. On the subject of expensive energy prices, Mr Auttapol said he believed the prices had already peaked. "Though gas and oil prices are expected to stay high, with frequent fluctuations, the prices will not be as high as those seen earlier this year," he said.
