Economy
KCE Electronics Shares Surge Amid Speculation Over Potential Tesla Deal
KCE Electronics shares rose over 10% following social media rumors regarding a potential partnership with a major U.S. electric vehicle manufacturer.
Shares of KCE Electronics (KCE) experienced a significant increase of over 10% on September 11, 2026, following widespread social media speculation regarding a potential business deal with a major U.S.-based electric vehicle (EV) company.
In response to the market activity, Pitharn Ongkosit, CEO of KCE Electronics, issued a formal statement to the Stock Exchange of Thailand. He confirmed that the company is currently engaged in discussions regarding potential product sales with a U.S. entity; however, he emphasized that no final agreement or conclusion has been reached at this time. The CEO urged investors and the public to rely solely on official company channels to avoid misinformation, citing the firm's commitment to corporate governance and transparency.
While the official statement remained cautious, reports from Khaosod Online suggest that the market interest stems from rumors that KCE is currently in a pilot production phase to supply printed circuit boards (PCBs) to Tesla, the global leader in electric vehicles and artificial intelligence.
For residents and those following the Thai economy, this development highlights the growing integration of Thai manufacturing into the global EV supply chain. However, until KCE provides a formal update confirming the nature and scope of any potential partnership, the specific involvement with Tesla remains unverified. Investors are advised to monitor official disclosures for further clarity on these ongoing operations.
