Chinese battery maker Gotion High-tech has signed an agreement with Nuovo Plus of Thailand-based PTT Group (itself a joint venture between PTT-owned Arun Plus and Global Power Synergy Public Company) to set up a new …
China’s Gotion High-tech forms JV with PTT to set up battery plant in Thailand – production start in Q4 2023Chinese battery maker Gotion High-tech has signed an agreement with Nuovo Plus of Thailand-based PTT Group to set up a new joint venture called NV Gotion. The JV will focus on the design, development, manufacturing as well as the sales and export of battery modules and packs products.
According to an official release, this partnership is in line with Thailand’s goal to achieve full electrification and net zero carbon emissions by 2065. It will also see NV Gotion establish a base in Thailand’s Eastern Economic Corridor , which includes building a lithium-ion power battery pack production line.
By the fourth quarter of 2023, the first phase of the production line is expected to be put into production to supply high-quality battery products to the market. The JV will also explore the ASEAN new energy market as it seeks to set up a battery export base in the region. NV Gotion will have an initial registered capital of 300 million baht , of which Gotion Singapore holds a 49% and Nuovo Plus holding the rest. Total investment is estimated to increase to 600 million baht as the project continues.Gerard Lye
Originating from the corporate world with a background in finance and economics, Gerard’s strong love for cars led him to take the plunge into the automotive media industry. It was only then did he realise that there are more things to a car than just horsepower count.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Thailand To Shorten Visa-Free Stays To 30 DaysThe revised visa policy will apply to Malaysians.
Read more »
Sindiket penipuan dalam talian: 100,000 mangsa terperangkap di sempadan Thailand-MyanmarSindiket penipuan dalam talian: 100,000 mangsa terperangkap di sempadan Thailand-Myanmar
Read more »
Pedofil ditangkap selepas 27 tahun bersembunyi di ThailandSelepas 27 tahun melarikan diri, seorang lelaki warga Britain yang dikehendaki bagi kesalahan jenayah seksual kanak-kanak akhirnya ditangkap.
Read more »
2024 Mitsubishi Xpander HEV, Xpander Cross HEV hybrid variants teased – Thailand debut on February 1The Mitsubishi Xpander and Xpander Cross HEV (hybrid) variants are set to debut next week on February 1, according to a Facebook post by Mitsubishi Motors Thailand. Exact details on the hybrid model’s powertrain have …
Read more »
PGA gagalkan cubaan seludup 38,580 biji kelapa ke ThailandTUMPAT: Batalion 7 Pasukan Gerakan Am (PGA) Kuantan menggagalkan kegiatan penyeludupan 38,580 kelapa ke Thailand selepas menahan sebuah treler di kawasan stor pengkalan haram Sekam Padi di sini semalam.
Read more »
Pengemis Warga Asing Rancak Minta Sedekah Sepanjang Ramadan, Guna Kaedah Sindiket 3:7Difahamkan, rata-rata adalah warga asing dari Thailand.
Read more »