Thailand is taking a step forward in the electric vehicle (EV) industry by signing a memorandum of understanding (MoU) with several EV organizations on battery development. Contact online >>
Thailand is taking a step forward in the electric vehicle (EV) industry by signing a memorandum of understanding (MoU) with several EV organizations on battery development.
The MoU aims to establish a collaboration platform for research and innovation in the field of battery technology, which is essential for the growth and sustainability of the EV market.
A memorandum of understanding on battery research was signed by Testa and five partners at the first Asean Battery and Electric Vehicle Technology Conference in China, Indonesia, according to Pimpa Limthongkul, president of the Thailand Energy Storage Technology Association (Testa).
The Singapore Battery Consortium, the National Center for Sustainable Transportation Technologies of Indonesia, the National Battery Research Institute of Indonesia, NanoMalaysia Berhad, and the Electric Vehicle Association of the Philippines are the five partners who signed the MoU with Testa.
According to the MoU, the parties will work together to develop a national roadmap for battery development, which will cover aspects such as policy, regulation, standardization, infrastructure, investment, and human resources. The parties will also support and facilitate the exchange of information, knowledge, and expertise among stakeholders in the battery industry.
According to a report by Frost & Sullivan, the EV market in Thailand is expected to reach 1.2 million units by 2030, accounting for 25% of the total vehicle sales. The report also highlighted that battery technology is one of the key factors that will determine the success of EV adoption in Thailand.
The MoU is part of Thailand’s efforts to promote green and low-carbon mobility, which is in line with the country’s vision to become a regional hub for EV production and innovation.
Thailand has already implemented various incentives and measures to support the development of the EV industry, such as tax exemptions, subsidies, and charging stations. The MoU will further enhance Thailand’s potential and attractiveness as a destination for EV investment and collaboration.
MIAMI, April 23, 2021 /PRNewswire/ --EVLOMO Incorporated and Rojana Industrial ParkPublic Co., Ltd. (ROJNA)announced plans to setup 8 GWH Lithium Battery plant in the EEC of Thailand. Together, the companies will invest up to a total of $ 1.06 billion through a newjoint venture company. In this new JV company, Rojana Industrial ParkPublic Co., Ltd. would own 55% shares and balance 45% would be owned by EVLOMO Incorporated.
The battery plant will be on a greenfield manufacturing site at Nong Yai, Chonburi,Thailand that will create more than 3,000 new jobs and bring required technology to Thailand, as achieving self-reliance in battery manufacturing is critical to Thailand''s ambitious EV plans ahead.
The collaboration brings together Rojana, leader from industrial estate development sector of Thailand and with EVLOMO, leader in electric mobility in Thailand to develop and produce technologically advanced batteries. The battery plant will establish Nong Yai as an EV hub of Thailand and ASEAN region.
The technological aspect of the project will be led byDr. Li Qiyong & Dr. Xu, who would bring state-of-the-art technology to design and produce the lithium batteries in Thailand.
Dr. Li Qiyong, Former VP of LG Chemicals (Korea) battery research and development has more than 20 years of experience in manufacturing and management of lithium-ion batteries/lithium-ion polymer batteries and published 36 papers in international journals, 29Authorized patents, 13 patent applications (under review).
Dr. Xu, responsible for new materials, new technology development, new product applications for one of the top 3 battery producing companies of the world and has 70 invention patents and published more than 20 academic papers.
"EVLOMO is honored to have a collaboration with Rojana. In the field of advanced EV battery technology, EVLOMO expects this collaboration will be one of the memorable moments for putting the adoption of EV forward in Thai and ASEAN market," said CEO Nicole Wu.
"The investment will play the role of vitalizing the EV industry in Thailand. We look forward to Thailand becoming a global hub for R&D, manufacturing and adoption of advanced energy storage and EV technologies in entire South-East Asia," said, Dr. Kanit Sangsubhan, Secretary General from Eastern Economic Corridor (EEC) Office was also present at the signing event.
Direk Vinichbutr, President of Rojana Industrial ParkPublic Co., Ltd.said, "The EV revolution is taking the country by storm and we are happy to be a part of this change. This association with EVLOMO will enable us to deliver globally competitive products. We look forward to a strong and fruitful association."
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