The move strengthens Thailand’s EV and energy storage supply chain as the country pushes to become a regional manufacturing hub. China’s leading lithium battery producer Sunwoda has received approval from Thailand’s Board of Investment (BOI) for a THB 50 billion ($1.5 billion) investment in local battery manufacturing.
“Today marks a milestone in the development of Thailand’s EV supply chain, as having EV battery cells produced locally will significantly reinforce our status as a manufacturing hub for EVs and hybrids, and increase the country’s competitiveness,” said Narit Therdsteerasukdi, Secretary General of the BOI.
Their total combined storage capacity was 994 MW. Interestingly, this allowed generators to sign semi-firm power purchase agreements (PPAs) with the Electricity Generating Authority of Thailand (EGAT) with minimum availability guarantees. Many solar projects in Thailand have non-firm PPAs in place due to a lack of storage on site.
Thailand may lack the Battery Energy Storage Systems (BESS) necessary to navigate supply and demand challenges. The 2024 PDP draft included 10,000 MW of BESS, but this may see the country struggle to fulfil carbon neutrality and Net Zero commitments over the coming decades.
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Chinese battery maker Sunwoda has secured approval to invest in battery cell manufacturing facilities in Thailand, marking its first …
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Mr. Narit Therdsteerasukdi, Secretary General of the Thailand Board of Investment announced today that the country’s Commission on the National Competitiveness …
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BloombergNEF’s Thailand: Turning Point for a Net-Zero Power Grid report finds that solar power has been the cheapest source of …
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This investment will fund the construction of EV and energy storage system (ESS) battery cell manufacturing plants in Thailand’s Eastern Economic Corridor. The move …
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Mr. Narit Therdsteerasukdi, Secretary General of the Thailand Board of Investment announced today that the country’s Commission on …
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Chinese battery maker Sunwoda has secured approval to invest in battery cell manufacturing facilities in Thailand, marking its first EV-related battery cell plant in the ASEAN …
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China’s leading lithium battery producer Sunwoda has received approval from Thailand’s Board of Investment (BOI) for a THB 50 billion ($1.5 billion) investment in local …
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Thailand’s Commission on the National Competitiveness Enhancement for Targeted Industries, has approved an investment by a unit of China’s Sunwoda Electronic …
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BloombergNEF’s Thailand: Turning Point for a Net-Zero Power Grid report finds that solar power has been the cheapest source of electricity generation in Thailand since 2022 …
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SunContainer Innovations - As Bangkok races toward its 2030 renewable energy targets, the Bangkok Energy Storage Power Station Project emerges as a game-changer. This article …
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Thailand Approves Sunwoda to Invest More Than US$1 billion in EV Battery Cell Plants News provided by Thailand Board of Investment …
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Thailand Approves Sunwoda to Invest More Than US$1 billion in EV Battery Cell Plants News provided by Thailand Board of Investment (BOI) Mar 13, 2025, 03:15 ET
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This investment will fund the construction of EV and energy storage system (ESS) battery cell manufacturing plants in Thailand’s …
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Thailand’s Commission on the National Competitiveness Enhancement for Targeted Industries, has approved an investment by a …
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With clean energy commitments on the horizon, Thailand needs help with Battery Energy Storage Systems (BESS) to meet its goals.
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March 13, 2025 – Bangkok: Thailand’s Investment Board has approved a $1 billion investment from China’s Sunwoda Electronics to establish a new electric vehicle battery plant in Chonburi …
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With clean energy commitments on the horizon, Thailand needs help with Battery Energy Storage Systems (BESS) to meet its goals.
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