PTT Synergy in potential EV joint venture

PETALING JAYA: PTT Synergy Group Bhd has inked a memorandum of understanding with Sany International developing (M) Sdn Bhd and Rootcloud Technology (Singapore) Pte Ltd to explore a collaboration in an electric vehicle (EV) project.

In a filing with Bursa Malaysia, PTT Synergy stated the parties intend to explore opportunities in the EV ecosystem such as electric battery leasing services and provision of renewable energy and zero-carbon logistics instruments.