Could 19, 2023: Chinese language auto firm SAIC Motor breaks floor for a battery and EV elements plant in an industrial park (see picture) in Thailand with Thai companion Zhengda Group.
The Could 2 announcement got here a day earlier than the Thailand Board of Funding (BOI) stated talks had been additionally underway with a number of firms, together with China’s Modern Amperex Know-how (CATL), in a bid to broaden manufacturing in battery in Thailand.
The BOI posted a report on its web site quoting secretary basic Narit Therdsteerasukdi as saying: “We’re speaking to many firms within the battery business, not simply CATL…
SAIC didn’t disclose monetary particulars or manufacturing capability of its mission, which it stated can be totally accomplished by 2025.
The mission companions have been working collectively since 2013 after they launched SAIC Zhengda Vehicle Firm centered on Thailand and the broader Southeast Asian market.
Journal of Power Storage It was reported in December that Fluence Power is working with the state-owned Electrical energy Producing Authority of Thailand to develop the nation’s battery storage market.
