Rojana, EVLOMO to build $1B lithium battery plant in Thai EEC phnompenhpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from phnompenhpost.com Daily Mail and Mail on Sunday newspapers.
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MIAMI, April 23, 2021 /PRNewswire/ EVLOMO Incorporated and Rojana Industrial Park Public Co., Ltd. (ROJNA) announced plans to setup 8 GWH Lithium Battery plant in the EEC of Thailand. Together, the companies will invest up to a total of $ 1.06 billion through a new joint venture company. In this new JV company, Rojana Industrial Park Public Co., Ltd. would own 55% shares and balance 45% would be owned by EVLOMO Incorporated.
The battery plant will be on a greenfield manufacturing site at Nong Yai, Chonburi, Thailand that will create more than 3,000 new jobs and bring required technology to Thailand, as achieving self-reliance in battery manufacturing is critical to Thailand s ambitious EV plans ahead.