May 10, 2025 · Battery maker Sunwoda Electronic is investing over $1 billion to build a lithium-ion battery plant, with mass production set for 2025. Battery cells will be made locally, and a Thai
May 3, 2023 · The government of Thailand has started negotiations with China''s Contemporary Amperex Technology Co (CATL) aiming to incentivise battery production to the country. CATL
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Jan 9, 2025 · In April 2024, Thai government officials traveled to the Chinese provinces of Fujian and Guangdong with a single-point agenda – convincing the leading Chinese electric vehicle
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4 days ago · Currently, China dominates the global battery cell market, accounting for over 60% of the share, with CATL holding a 37% share. Two Chinese electric vehicle battery producers,
Apr 18, 2024 · At least two leading Chinese electric vehicle battery cell producers will establish their operations in Thailand, committing to an initial investment
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.
Credit: Sergii Chernov. The government of Thailand has started negotiations with China’s Contemporary Amperex Technology Co (CATL) aiming to incentivise battery production to the country. CATL is the the world’s largest electric vehicle (EV) battery supplier by market share. The deal would see the company , open a first factory in south-east Asia.
A person is optimistic that Thailand will establish significant battery cell factories within the next two years, contributing to the completion of the EV supply chain in the country. Currently, China dominates the global battery cell market, accounting for over 60% of the share, with CATL holding a 37% share.
Currently, China dominates the global battery cell market, accounting for over 60% of the share, with CATL holding a 37% share. Two Chinese electric vehicle battery producers, CATL and CALB, are considering setting up production facilities in Thailand with a combined initial investment of over 30 billion baht.
Here too, Chinese companies are taking a lead. In addition to CATL, Chinese battery makers such as Gotion High-tech and SVOLT are setting up battery plants in Thailand. Thai authorities are also encouraging Chinese automakers to source their auto parts locally, in an attempt to create a sustainable ecosystem.
While its share in the global EV exports is still low, with Chinese company “horsepower,” the growth potential in Thailand’s EV sector is promising. The Chinese-Thai partnership in building out Thailand’s EV supply chains holds valuable lessons for Chinese companies aiming to invest in Southeast Asia’s clean energy sectors.
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