Cho Thavee Public Company Limited announced that on November 10, 2021. The company has signed a Memorandum of Understanding with Advanced Electric Machines Ltd. the manufacturer of sustainable non-magnetic and non-rare earth electric motors from England. To develop a zero-emission drive system (Zero emissions). The information summarized as follows. MOU Signing Date: November 10, 2021. Objective: To establish a business relationship in the field of electric drive systems for assembly in the products of the contracting parties; to create cooperation in production and assemble non-magnetic and non-rare earth electric motors, possibly considering building a production base in Thailand; Establish commercial cooperation and comply with the specified conditions for successful collaboration. MOU Maturity Date: This Memorandum of Understanding (MOU) valid for 2 years from the date of signing unless there is an agreement to extend the period and when this Agreement is terminated will not be binding on both parties in any way.