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Friday, May 17, 2024

EV battery pact signed

EV battery pact signed

Evlomo, Rojana joint venture expected to generate 3,000 jobs

Nicole Wu, chief executive at Evlomo, seated left, and Chai Vinichbutr, vice-president of Rojana Industrial Park, seated right, at the signing ceremony.

Evlomo Inc, a Florida-based company working on electric vehicles (EVs), has teamed up with Rojana Industrial Park Plc to invest US$1.06 billion (33.3 billion baht) in a 8-gigawatt battery energy storage construction project in Nong Yai district in Chon Buri.

The joint venture is 55% held by the SET-listed industrial park operator and 45% by the US firm.

The project is expected to create 3,000 jobs, bringing high technology for electric mobility to Thailand and upgrading Nong Yai to become a manufacturing hub of EVs in…

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