Sino-Thai EV battery plant starts operations
Under joint efforts, venture expected to give impetus to industry in SE Asia
Thailand's first domestic electric vehicle battery pack production plant went into operation on Thursday. The plant, run jointly by Chinese battery cell manufacturer Gotion High-tech and Thai company Nuovo Plus, is expected to give Southeast Asia's EV industry a boost.
Focused on the import, assembly and distribution of battery modules and battery packs for energy storage systems and EVs, the plant will deliver high-quality lithium ion batteries with an initial production capacity of 2 gigawatt-hours per year.
Production capacity will expand to 8 gigawatt-hours per year in future, which can meet the power demand of 200,000 EVs. Batteries from the plant will be available in the market as soon as this month.