MGC-ASIA Reports Strong Third Quarter Earnings
MGC-ASIA has announced a profit of 320 million baht for the third quarter, driven by significant growth in its mobility business.
According to a report by Prachachat Business, the MGC-ASIA group has released its financial performance for the first nine months of the year. The company recorded a profit of 320 million baht in the third quarter alone, contributing to a total revenue of 995 million baht for the nine-month period. A key driver of this success was the mobility business segment, which experienced a substantial growth of 63.4 percent. Dr. Sunhavut Thamchavinviriya, CEO of MGC-ASIA, indicated that the company plans to conclude the year by introducing four new vehicle models to the market. Furthermore, the group is actively conducting feasibility studies regarding the establishment of a local assembly plant for XPENG vehicles. For residents and those interested in the Thai automotive market, these developments signal a robust expansion of mobility services and potential shifts in the local electric vehicle manufacturing landscape. While the financial results are confirmed, details regarding the timeline for the potential XPENG assembly plant and the specific features of the upcoming vehicle models remain to be finalized by the company.
