Mr Yang presides over a ceremony marking the construction of a new battery factory in Chon Buri to serve growing Thai EV market. Svolt Energy Technology.
Svolt Energy Technology, a Chinese manufacturer of batteries and energy storage systems, is spending 1.25 billion baht to build an electric vehicle (EV) battery factory in Chon Buri to serve Chinese and Japanese EV makers.
The company is also conducting a feasibility study into an EV battery recycling business as demand for eco-friendly cars continues to grow.
Yang Hongxin, chairman and chief executive of Svolt Energy Technology, said the company plans to have two production lines for batteries: one to produce…
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