Nex Point Public Company Limited

What Nex Point Public Company Limited does

Nex Point Public Company Limited is a Thai public limited company listed on the Stock Exchange of Thailand under ticker NEX, headquartered in Samut Prakan, Thailand. Founded in 2004, the company manufactures and distributes a broad portfolio of battery-electric commercial vehicles, spanning passenger transport (EV minibuses Stream X and Polestar, 8m and 11m city buses, 12m Navigator and Elegance coaches), commercial logistics (electric pickups NPS/NPD, delivery vans, tractor heads with 282.62 kWh and 423.93 kWh battery options, cargo trucks from 4.5T to 30T, dump trucks, concrete mixers), and specialty industrial vehicles (mining trucks, garbage trucks in rear-loaded compact and hook-lift variants, water sprayers, street sweepers). The company also retains a legacy diesel/CNG bus line (SLK6930D/CNG, SLK6102D/CNG, SLK6121D, SLK6122D) and offers distance-based maintenance services through its dealer network.

The group operates through two wholly-owned operating subsidiaries — Nex Auto Pro Co., Ltd. (vehicle manufacturing) and Absolute Assembly Co., Ltd. (assembly services) — and is certified to ISO 9001:2015 across the parent and both subsidiaries. Distribution is conducted via an authorized dealer network across Thailand supplemented by direct enterprise sales for large fleet customers and government procurement. Customer segments are diversified across four verticals: government and public transport, commercial logistics, industrial and mining, and municipal services. Vehicle pricing is quote-based with an installment calculator available on the corporate website, indicating financing support for buyers. Marketing channels center on the corporate website, investor relations via SET, and a news/articles section; there are no disclosed international operations outside Thailand.

The business model is primarily one-time hardware sales of electric commercial vehicles, with a recurring layer from distance-based maintenance services. Customer concentration is unstated but spans multiple verticals, with episodic large fleet and government procurement orders likely material to revenue timing. The company is publicly listed on the SET with continuous AGM cadence from 2016 through 2026 and documented warrant and RO capital-increase activity, reflecting ongoing capital-markets engagement.

Name

Nex Point Public Company Limited

Legal name

Nex Point Public Company Limited (บริษัท เน็กซ์ พอยท์ จำกัด (มหาชน))

Website

https://nexpoint.co.th

Company type

Public

Founded year

2004

Operating status

Operating

Headcount range

51–100 employees

Short description

Nex Point Public Company Limited (SET: NEX) is a Thailand-based manufacturer and distributor of electric commercial vehicles, including minibuses, city/coach buses, pickups, cargo trucks, tractors, and specialty industrial EVs, sold via an authorized dealer network to government, logistics, mining, and municipal fleet customers, with distance-based maintenance services.

Ownership category

akta.pro rank

Product category

Commercial Electric Vehicles

NAICS

Motor Vehicle Manufacturing (3361), Automobile and Light Duty Motor Vehicle Manufacturing (33611)

SIC

Wholesale-Motor Vehicles & Motor Vehicle Parts & Supplies (5010), Motor Vehicle Parts & Accessories (3714)

akta.pro primary industry

Specialty Utility & Maintenance Vehicle Manufacturing (Street Sweepers/Vacuum Trucks) (IMACAFAI)

akta.pro secondary industry

Municipal & Public Works Specialty Vehicles (Street Sweepers, Sewer Jetters) (IMAHAIAI)

Keywords

• Electric commercial vehicles
• Electric buses
• Electric trucks
• Commercial vehicle manufacturing
• Electric industrial vehicles

Headquarters

HQ city

Samut Prakan

HQ country

Thailand

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Electric Vehicle Sales: Primary revenue from manufacturing and selling electric vehicles including passenger vans, buses, coaches, cargo trucks, industrial vehicles, and specialty vehicles. Revenue is generated through one-time hardware sales with potential for recurring maintenance service revenue.
2. Maintenance Services: Service centers provide maintenance services by distance/interval for EV vehicles including Minibus Stream X, Polestar, Coach 12m Navigator, City Bus models, and various cargo trucks.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Nex Point Public Company Limited designs, manufactures, and sells electric commercial vehicles including electric minibuses, city buses, coaches, pickup trucks, cargo trucks (4.5T to 30T), tractor units, dump trucks, concrete mixers, and industrial specialty vehicles (mining trucks, water sprayers, street sweepers, garbage trucks), alongside conventional diesel/CNG buses under the SLK series. Vehicles are distributed through authorized dealers and direct fleet sales across Thailand and supported by distance-based maintenance services.

Product overview

Nex Point Public Company Limited is a Thai electric vehicle manufacturer and distributor (SET: NEX) offering a comprehensive portfolio of commercial electric vehicles. The product lineup includes: EV minibuses (Stream X, Polestar) and city/coach buses (8m, 11m, 12m Navigator, 12m Elegance); electric pickup trucks (NPS 2-door, NPD 4-door); electric delivery vans; electric tractor heads (282.62 kWh, 423.93 kWh); electric cargo trucks ranging from 4.5T to 30T across 4-wheel, 6-wheel, 10-wheel, and 12-wheel configurations; electric dump trucks (25T, 30T); electric concrete mixers (12T, 25T); industrial EVs including mining trucks, water spray vehicles, street sweeping vehicles, and garbage trucks (Rear Loaded Compact and Hook-lift variants); and traditional diesel/CNG buses (SLK series). The company also provides distance-based maintenance services. Group subsidiaries include Nex Auto Pro Co., Ltd. and Absolute Assembly Co., Ltd.

Differentiator

Problem solved

Functional benefit

Products and services

• EV Minibus Stream X Electric minibus from Nex Point's EV passenger bus lineup.
• EV Minibus Polestar Electric minibus from Nex Point's EV passenger bus lineup.
• EV City Bus 8m 8-meter electric city bus for urban public transport.
• EV City Bus 11m 11-meter electric city bus for urban public transport.
• EV Coach 12m Navigator 12-meter electric coach from the Navigator line for intercity and tour transport.
• EV Coach 12m Elegance 12-meter electric coach from the Elegance line for intercity and tour transport.
• EV Passenger Van Electric passenger van for shuttle and corporate transport.
• Electric Pickup NPS (2-door) 2-door electric pickup truck for light commercial and utility use.
• Electric Pickup NPD (4-door) 4-door electric pickup truck for light commercial and utility use.
• Electric Delivery Van Electric delivery van for urban logistics and last-mile delivery.
• EV Tractor Unit 282.62 kWh Electric tractor head with 282.62 kWh battery for freight haulage.
• EV Tractor Unit 423.93 kWh Electric tractor head with 423.93 kWh battery for heavy-duty freight haulage.
• Electric Cargo Truck 4.5T (4-wheel) 4-wheel electric cargo truck with 4.5-tonne payload capacity.
• Electric Cargo Truck 10T (6-wheel) 6-wheel electric cargo truck with 10-tonne payload capacity.
• Electric Cargo Truck 15T (6-wheel) 6-wheel electric cargo truck with 15-tonne payload capacity.
• Electric Cargo Truck 30T (12-wheel) 12-wheel electric cargo truck with 30-tonne payload capacity.
• Electric Dump Truck 30T (12-wheel) 12-wheel electric dump truck with 30-tonne capacity for construction and quarry operations.
• Electric Concrete Mixer 12T (6-wheel) 6-wheel electric concrete mixer with 12-tonne capacity.
• Electric Concrete Mixer 25T (10-wheel) 10-wheel electric concrete mixer with 25-tonne capacity.
• Electric Mining Truck Electric truck designed for mining operations.
• Electric Water Spray Vehicle Electric water spray vehicle for dust suppression and municipal road cleaning.
• Electric Street Sweeping Vehicle Electric street sweeping vehicle for urban sanitation services.
• Electric Garbage Truck Electric garbage truck for municipal waste collection.
• Electric Garbage Truck Rear Loaded Compact Rear-loaded compact variant of the electric garbage truck for municipal waste collection.
• Electric Garbage Truck Hook-lift Hook-lift variant of the electric garbage truck for municipal waste collection.
• SLK6930D and SLK6930CNG Bus Diesel and CNG bus models in the SLK series.
• SLK6102D and SLK6102CNG Bus Diesel and CNG bus models in the SLK series.
• SLK6121D Diesel Bus Diesel-powered bus in the SLK series.
• SLK6122D Diesel Bus Diesel-powered bus in the SLK series.
• Distance-Based EV Maintenance Services Maintenance services by distance/interval covering the EV Minibus Stream X, EV Minibus Polestar, EV Coach 12m Navigator, EV City Bus 8m, EV City Bus 11m, EV Cargo Truck 6W 10T, EV Cargo Truck 6W 15T, EV Cargo Truck 12W 30T, and EV Tractor lines.

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• Nex Auto Pro Co., Ltd.coreOthersGroup subsidiary company specializing in automotive manufacturing and assembly operations within the Nex Point corporate group structure.
• Absolute Assembly Co., Ltd.coreOthersGroup subsidiary company providing assembly services within the Nex Point corporate group structure for EV vehicle production.
• Dealer Network (Thailand)coreChannel Partner/ Reseller/ DistributorAuthorized dealer network across Thailand for sales and distribution of Nex Point vehicles including EV and diesel/CNG products.

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• BYD: BYD is a global EV powerhouse with electric trucks, buses, pickups, and specialty vehicles that overlap directly with Nex Point's entire portfolio. While BYD is much larger and broader, it is the dominant competitive force in Thailand's commercial EV market.
• CRRC: CRRC is the world's largest rolling stock and electric bus manufacturer with broad municipal and intercity electric bus offerings. While primarily rail-focused, CRRC's electric bus division competes for the same municipal customers Nex Point serves in Thailand.
• Volvo Buses: Volvo Buses offers a full electric city bus and coach portfolio through platforms like the Volvo 7900 Electric and 9700, directly comparable to Nex Point's EV city bus and coach products. Volvo is a global incumbent with deeper resources and brand recognition.

Direct peers

• New Flyer (NFI Group): New Flyer is a North American leader in heavy-duty transit buses including the Xcelsior CHARGE electric bus family, directly comparable to Nex Point's EV City Bus and Coach lineup. Both target municipal and public transit fleet electrification.
• Lion Electric: Lion Electric manufactures electric LionC buses and Lion trucks including refuse trucks and specialty vehicles — directly comparable to Nex Point's EV cargo trucks, garbage trucks, and bus portfolio. Both target North American-style municipal fleet electrification.
• Proterra: Proterra designs and manufactures electric transit buses and battery systems for heavy-duty commercial vehicles, directly comparable to Nex Point's EV city bus and coach platform. Both supply transit agencies seeking zero-emission fleet solutions.
• Yutong Bus: Yutong is the world's largest electric bus manufacturer and offers a full range of city buses, coaches, and minibuses directly comparable to Nex Point's EV bus family (City Bus 8m/11m, Coach 12m Navigator/Elegance, Minibus Stream X/Polestar). Both compete in the Southeast Asian and emerging market public transport electrification space.

Emerging players

• Workhorse Group: Workhorse develops electric delivery trucks and last-mile commercial vehicles that overlap with Nex Point's EV pickup (NPS, NPD) and light cargo truck portfolio. Both target commercial fleet electrification but Workhorse has a narrower product focus.
• Caetanobus / CaetanoBus: CaetanoBus is a European electric bus and coach manufacturer offering the e.City Gold and hydrogen/electric buses, directly comparable to Nex Point's EV city bus and coach range. Both are mid-sized specialists competing against larger global EV OEMs.

Regional players

• Tata Motors: Tata Motors manufactures electric commercial vehicles including buses (Starbus EV) and trucks (Ace EV) primarily for the Indian market with growing Southeast Asian expansion. Comparable product portfolio targeting similar municipal and commercial fleet customers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/nexpointthailand
• LinkedInlinkedin.com/company/nex-point-public-company-limited

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nex Point Public Company Limited