SET-listed Nex Point Plc, an electric vehicle (EV) assembler in the bus segment, expects to move from red to black on its balance sheet this year due to growing electric bus sales, following years of losses.
Chief executive Khanist Srivajiraprabha said another batch of 400 battery-run buses are scheduled to be delivered this year after 120 buses were already sold to state-run bus operator Bangkok Mass Transit Authority (BMTA).
Next year is also expected to be another good year for the company, thanks to the government's policy of using electric buses to replace ageing fossil fuel-powered buses, he said.
