Robust supply chain
The Southeast Asian country has set its sights on fostering the growth of its domestic EV industry and establishing a robust supply chain for the production of EV batteries. To achieve this, Thailand's National Electric Vehicle Policy Committee has outlined an ambitious target of having zero-emission vehicles account for 30 percent of the local automobile production by 2030.Auttapol Rerkpiboon, chief executive and president of PTT Public Company that owns Nuovo Plus, said the company is committed to reducing greenhouse gas emissions to net zero by 2050 by bringing high-quality battery technology and innovations to the industry.
In addition to localizing battery production in Thailand, he said the joint venture will also create a base for battery exports to other countries.
"The operation of the plant is an important step in elevating Thailand from being an importer into being a producer and … (becoming) a lithium battery exporter in the future," he said.
With the collaboration with Gotion, the venture will support the Thai automotive industry in developing further as an automobile production base in the region, while also contributing to Thailand's new energy goals.
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