Core Insights - The strategic partnership between Base Technology and Mile Green aims to provide comprehensive charging solutions for the electric motorcycle market in Thailand, marking a significant milestone in the company's expansion efforts [1][2][3] Group 1: Strategic Partnership - Base Technology's subsidiary, Spark EV Company Limited, has entered into a strategic cooperation agreement with Mile Green Co., Ltd to explore and develop charging service opportunities for electric motorcycles in Thailand [1] - The first phase of the collaboration involves adding dedicated charging points for electric motorcycles at existing charging stations, leveraging Mile Green's expertise in green battery and innovative charging technologies [1][2] - The next phase will focus on seamless integration and development of hardware and software systems to create an intuitive and efficient one-stop platform for users [1][2] Group 2: Market Potential - Thailand has a significant electric motorcycle market, with a household ownership rate of electric motorcycles reaching 87%, the highest globally, indicating strong market demand [2] - The electric motorcycle sales in Thailand are experiencing robust growth, with new registrations in 2023 increasing by over 250% year-on-year, highlighting substantial market potential [2] Group 3: Company Expansion - Base Technology's CEO, Ye Zhaokang, stated that the company operates the largest public charging network in Hong Kong and is expanding its core business steadily [2] - The company plans to officially launch its international strategy in 2024, with Thailand as its first overseas market, currently operating over 70 charging stations and 200 charging points, with plans to expand to 250 stations and 700 points by the end of the year [2] - The collaboration is expected to enhance Base Technology's platform technology advantages, improve charging efficiency and user experience, and reduce R&D costs through resource sharing [3]
基石科技(08391)旗下Spark EV与Mile Green 达成战略合作 共拓泰国电动摩托车蓝海