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Saturday, May 11, 2024

MG raises local EV battery capacity for plug-in hybrids

EVs showcased at Bangkok International Motor Show. SAIC Motor-CP targets to raise the number of EV charging outlets to 500 within this year. Patipat Janthong

Thai-Chinese joint venture SAIC Motor-CP continues to bolster the MG brand’s foothold in the Thai electric vehicle (EV) industry with a plan to invest in battery production for plug-in hybrid electric vehicles (PHEV) to serve growing demand in the market.

The company will increase battery production capacity to 700-800 units per month, up from 300-400 units under the PHEV Battery Shop project to be carried out at its car manufacturing plant in Chon Buri.

The company did not elaborate with regard to investment details.

“MG is in the process of revising a business plan following the pandemic’s impact on business, so we simply forgot about the…

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