Global market leader CATL among several firms approached to help fuel country’s EV hub ambitions
Visitors check out an Evogo battery swapping station at the CATL booth at the Shanghai Auto Show on April 24. CATL has a 37% share of the global market for EV batteries. (Photo: Bloomberg)
Thai authorities are in talks with China-based CATL, the world’s biggest electric vehicle battery maker, and others to build production facilities in the country to fuel its EV production hub ambitions, according to the head of the Board of Investment (BoI).
The discussions come as the country pushes to become a key player in the global EV supply chain outside of China by offering tax cuts and subsidies to drive…
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