July 13, 2023: SVOLT mentioned on July 10 it had damaged floor for building of a battery modules and packs manufacturing facility in Thailand.
The Chinese language battery maker mentioned the Chon Buri province facility, anticipated to be accomplished by the tip of this 12 months, will strengthen its presence within the thriving Thai EV market.
The power is designed to have an annual manufacturing capability of round 60,000 modules.
One line might be devoted to the manufacturing of modules for hybrid electrical autos, whereas the second line is designed to supply modules and packs for plug-in hybrid electrical autos and battery electrical autos.
Each manufacturing traces will use independently developed pouch cells and prismatic cells, with superior automated welding processes and monitoring gear guaranteeing environment friendly, high-quality manufacturing.
Chairman and CEO Hongxin Yang mentioned SVOLT’s superior lithium battery tech would type the premise of an area battery chain provide community that will contribute to China’s new power market enlargement.
SVOLT’s Thai operations are by means of its wholly owned subsidiary SVOLT Vitality Expertise (Thailand).