NEX received 100% shareholder approval on August 3, 2025 to acquire Thai EV at 149.95 million baht, funded by issuing up to 208.27 million shares at 0.72 baht each. The acquisition completes NEX's commercial EV portfolio (small to large vehicles) by adding Thai EV's expertise in small-to-medium commercial vehicles, boosts cross-selling opportunities, and preserves cash flow. Thai EV has shown 100% growth in 4-wheel commercial EV sales during 2023–2025, validating the strategic fit and market potential in Thailand's growing commercial EV segment.