China's battery factory will land in Thailand, with an investment of 30 billion--Seetao

The Board of Investment Promotion of Thailand (BOI) revealed that Seven world-leading Chinese battery manufacturers, including Ningde Times New Energy Technology Co., LTD., AVIC Lithium Technology Co., LTD., Inbai Battery Technology Co., LTD., Yiwei Lithium Energy Co., LTD., Guoxun High-tech Power Energy Co., LTD., Xinwangda Electronics Co., LTD., and Beehive Energy Technology Co., LTD., have chosen Thailand as their battery production base The development prospect of... BOI predicts that in 2024, at least two battery manufacturers from China will invest in the production of batteries in Thailand, and the first phase of investment will exceed 30 billion baht. In order to attract more battery manufacturers to invest in Thailand to set up production bases, BOI and relevant departments will introduce a series of policy measures, such as exempting investors from corporate income tax, exempting machinery and raw material import duties, etc., while relevant departments will also provide certain financial support, improve the relevant infrastructure construction, and train high-level researchers in related fields. With the continuous presence of battery manufacturers, it will help improve the supply chain of Thailand's electric vehicle industry and achieve energy renewable. Editor/Xu Shengpeng

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