Taiwan–Thailand Joint Venture Aionex Increases Investment in Thailand, Expands Electric Two-Wheeler Ecosystem

(CNA correspondent Li Tsung-Hsien, Bangkok, Jan. 15 — special dispatch)

Aionex, a Taiwan–Thailand joint venture focused on electric two-wheelers, has completed a board reshuffle and announced a capital increase to further expand its investment in the Thai market. The company aims to build a Southeast Asian electric two-wheeler ecosystem centered on an open smart battery platform, integrating Taiwanese technology with Thailand’s energy infrastructure.

Aionex was jointly established by Arun Plus, the electric vehicle subsidiary of Thailand’s national oil company PTT Group, Kymco Group (KYMCO), and KYMCO Capital. The company stated that it completed an adjustment to its shareholding structure in December last year, with KYMCO Capital increasing its stake to 55 percent, while Arun Plus retains a 25 percent share.

Aionex’s board noted that the adjustment represents a strategic optimization of equity structure to better support the company’s platform development strategy. Arun Plus remains a key partner and will continue to provide infrastructure and resource support.

In a press release, Aionex said the increased investment by KYMCO Capital underscores its long-term commitment to Thailand and the Southeast Asian market. The move has also attracted strategic units from Indonesia’s and Malaysia’s national oil companies to visit and exchange insights, further strengthening Aionex’s capital model that combines technology transfer with innovation, as well as its determination to build a regional electric two-wheeler ecosystem.

Hsueh-wen Ting, CEO of Aionex, said the company’s core competitive advantage lies in its open smart energy platform. Through financial innovation and asset management, the platform enables partner brands to deploy electric motorcycles more rapidly without bearing the high upfront costs of owning batteries and battery-swapping stations. The company is also committed to maintaining an open energy platform that supports the integration of multiple electric vehicle brands across different countries, promoting a shared-resource economy.

Looking ahead, Aionex said it will align with Thailand’s net-zero emissions goals by promoting the adoption of Taiwan’s high-performance electric two-wheelers and charging and battery-swapping systems. These efforts aim to reduce urban emissions and noise pollution while supporting greener living environments. The company also plans to integrate charging and swapping services into local channels such as gas stations, convenience stores, and commercial districts, creating a “lifestyle-oriented charging and swapping service” model.

In addition, Aionex plans to attract international capital and component suppliers to Thailand, creating high-value employment opportunities, driving technological upgrades, and opening a new chapter in regional economic development. Its long-term goal is to position Thailand as a research, development, and manufacturing support hub for the electric motorcycle industry in Southeast Asia.

Ting also expressed his appreciation for the support of Taiwan’s representative to Thailand, Peter Sha-li Lan, and the Taipei Economic and Cultural Office in Thailand, including initiatives such as the Taiwan–Thailand Technology Talent Service Platform launched last year, which have helped deepen bilateral economic and trade cooperation.

Ting emphasized that by leveraging Taiwan’s motorcycle supply chain expertise, KYMCO Capital’s investment model, and Thailand’s energy infrastructure, the Aionex alliance has the potential to become a key engine in Thailand’s economic transformation.

 (Editor: Hsieh Yi-Hsuan) 1150115