Lim, according to ST, is also “seriously looking" at re-entering the vehicle distribution business which was given up more than two decades ago.
Lim Jit Poh, chairman of ComfortDelGro Corp expects to spend around $6 billion to replace the bulk of its existing fleet of buses and taxis running on conventional fuel to electric vehicles, according to The Straits Times.
“The evolution of the electric environment promises to open up avenues and opportunities for new business growth,” said Lim at the company's 20th-anniversary dinner, according to the Straits Times report, which did not specify the time frame this $6 billion is to be spent.
