SVOLT breaks ground for Thai battery plant

SVOLT breaks ground for Thai battery plant

SVOLT breaks ground for Thai battery plant 1024 716 Energy Storage Journal

July 13, 2023: SVOLT said on July 10 it had broken ground for construction of a battery modules and packs factory in Thailand.

The Chinese battery maker said the Chon Buri province facility, expected to be completed by the end of this year, will strengthen its presence in the thriving Thai EV market.

The facility is designed to have an annual production capacity of around 60,000 modules.

One line will be dedicated to the production of modules for hybrid electric vehicles, while the second line is designed to produce modules and packs for plug-in hybrid electric vehicles and battery electric vehicles.

Both production lines will use independently developed pouch cells and prismatic cells, with advanced automated welding processes and monitoring equipment ensuring efficient, high-quality production.

Chairman and CEO Hongxin Yang said SVOLT’s advanced lithium battery tech would form the basis of a local battery chain supply network that would contribute to China’s new energy market expansion.

SVOLT’s Thai operations are through its wholly owned subsidiary SVOLT Energy Technology (Thailand).