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SAIC launches Thai battery project as talks start with CATL


Might 19, 2023: Chinese language auto firm SAIC Motor breaks floor for a battery and EV parts plant in an industrial park (see picture) in Thailand with Thai associate Zhengda Group.

The Might 2 announcement got here a day earlier than the Thailand Board of Funding (BOI) stated talks had been additionally underway with a number of corporations, together with China’s Up to date 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 common Narit Therdsteerasukdi as saying: “We’re speaking to many corporations within the battery business, not simply CATL…

SAIC didn’t disclose monetary particulars or manufacturing capability of its venture, which it stated can be totally accomplished by 2025.

The venture companions have been working collectively since 2013 once they launched SAIC Zhengda Vehicle Firm targeted 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.

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