Bloomberg

Electricity billionaire is building the Tesla of Thailand

An Energy Absolute Mine Mobility Spa1 electric vehicle stands near a Buddhist temple in Bangkok, Thailand, on June 10, 2019. Foto: Bloomberg photo by Brent Lewin

It's the epitome of a closed circuit: the utility helping power one of Southeast Asia's biggest cities is building electric cars, batteries and charging stations for the nascent market, and then supplying the juice to keep them all running.

Thai billionaire Somphote Ahunai envisions his Energy Absolute as a titan of EVs even though there are less than 1,500 battery-powered vehicles in the country. That's about 0.004% of registered vehicles through December...

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