SAIC launches Thai battery project as talks start with CATL

SAIC launches Thai battery project as talks start with CATL

SAIC launches Thai battery project as talks start with CATL 800 451 Energy Storage Journal

May 19, 2023: Chinese auto firm SAIC Motor has broken ground for a batteries and EV components plant on an industrial park (see image) in Thailand with Thai partner the Zhengda Group.

The May 2 announcement came the day before the Thailand Board of Investment (BOI) said talks were also underway with several companies, including China’s Contemporary Amperex Technology (CATL), in a bid to expand battery production in Thailand.

BOI posted a report on its website quoting secretary general Narit Therdsteerasukdi as saying: “We are talking to many companies in the battery industry, not only CATL… to attract battery cell producers to set up factories in Thailand.”

SAIC did not disclose financial or production capacity details of its project, which it said would be fully completed in 2025.

The project’s partners have been working together since 2013 when they launched the SAIC Zhengda Automobile Company focused on the Thailand and wider Southeast Asian markets.

Energy Storage Journal reported last December that Fluence Energy was working with the state-owned Electricity Generating Authority of Thailand to develop the country’s battery storage market.