HK’s $8bn wealth fund charges into first overseas deal with EV tech

In its maiden overseas investment, the $8 billion Hong Kong Investment Corporation (HKIC) is backing a Hong Kong-based electric vehicle charging venture that will power up Thailand's green tech drive. The wealth fund will invest in Spark EV, a joint venture between Hong Kong’s Cornerstone Technologies and Thai firms, to roll out a network of 1,000 EV charging stations across Thailand within five years. Spark has inked a long-term agreement with Thai state-owned energy conglomera…