At least two major electric vehicle battery producers in China are showing keen interest in the production of power cells in Thailand, with a potential combined investment in the first phase estimated at over 30 billion baht, according to Narit Therdsteerasukdi, secretary-general of the Board of Investment (BoI).
Narit led a delegation on a visit to seven manufacturers of batteries for electric vehicles (EVs), namely CATL, CALB, IBT, Eve Energy, Gotion High-tech, Sunwoda and SVOLT Energy Technology in Fujian and Canton provinces from April 7th to 10th.
In separate talks with the executives of the producers, Narit said that all see business potential in Thailand and have expressed interest in the BoI’s promotional privileges for investment in EV power cells and energy storage systems, which require high levels of technical knowhow and investment.
The promotional privileges range…
