On March 13, the Board of Investment (BOI) of Thailand announced that it has approved the investment plan in Thailand of Sunwoda, a Chinese automotive battery and energy storage enterprise. Sunwoda will invest 50 billion Thai baht (approximately 10 billion yuan) to build two electric vehicle battery factories in Thailand.

Sunwoda plans to establish two factories in Chonburi Province, with production expected to start within this year. At the same time, the company is also considering carrying out electric vehicle battery recycling business in Thailand to improve its supply chain and prepare for the decommissioning of electric vehicle batteries.

Narit Therdsteerasukdi, Secretary-General of the BOI, said that Sunwoda Automotive Energy Technology (Thailand) Co., Ltd. will become the first electric vehicle battery cell manufacturer in Thailand.

Sunwoda plans to build Thailand into an export center for its electric vehicle batteries and energy storage products, and the products will be supplied to both the Thai domestic and international markets. Its target customers include manufacturers of battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hybrid electric vehicles (HEVs).

Sunwoda is among the top ten global manufacturers of electric vehicle batteries and energy storage systems, with its headquarters in Shenzhen, Guangdong Province, China. The batteries produced by the company are widely used in various fields such as laptops, telecommunications equipment, electric vehicles, and energy storage systems, and it supplies batteries to Dongfeng Maxus, Geely, Li Auto, Huawei, Xpeng Motors, Renault, Nissan, and other companies.

Its subsidiary, Sunwoda Electric Vehicle Battery Co., Ltd. (SEVB), is the largest seller of hybrid vehicle batteries in China and is also the third-largest supplier of electric vehicle batteries in China. (This article is from the official website of Seetao.com, www.seetao.com. No reprinting is allowed without permission. Otherwise, legal liability will be pursued. If reprinting, please indicate Seetao.com + the original text link.) Editor of the Strategic Column of Seetao.com / Yin Shiqian