July 13, 2023: SVOLT mentioned on July 10 that it broke floor for the development of a manufacturing facility of battery modules and packages in Thailand.
The Chinese language battery maker mentioned the ability in Chon Buri province, which is predicted to be accomplished by the top of the 12 months, will strengthen its presence within the booming Thai EV market.
The power is designed to have an annual manufacturing capability of round 60,000 modules.
One line might be devoted to the manufacturing of modules for hybrid electrical automobiles, whereas the second line is designed to provide modules and packages for plug-in hybrid electrical automobiles and battery electrical automobile.
Each manufacturing strains will use independently developed pouch cells and prismatic cells, with superior automated welding processes and monitoring gear that guarantee environment friendly, high-quality manufacturing.
Chairman and CEO Hongxin Yang mentioned that SVOLT’s superior lithium battery tech will kind the premise of an area battery provide chain community that can contribute to the enlargement of China’s new power market.
SVOLT’s Thai operations are by way of its wholly owned subsidiary SVOLT Power Know-how (Thailand).