Quantum Solutions announced that it has started production of its FOMM ONE EV model in Thailand in an important milestone for Quantum's transition to providing affordable and reliable mobility solutions. The production run of FOMM ONE cars, which is one of the world's smallest four-seater EV models and utilizes patented technology invented by Japanese auto engineers, began in July in Thailand, re-affirming its commitment to the country's transition to a net carbon-zero society by targeting sales locally. The Thai government plans to increase the number of registered EVs to 1.2 million units around 2030, which is more than six times the number of registered EVs in 2020, a report said, which highlights the huge potential for growth.

In 2021 the FOMM ONE accounted for 7% of Thailand's EV market, showing that Quantum already has a very strong base which it can use to capture even more market share. In addition, Quantum furthers its commitment to Thailand by attending Future Mobility Asia 2022, a conference that will be hosted by Thailand'sMinistry of Energy in Bangkok on July 20-22 to address the challenges posed by the global transition to new-energy vehicles.