EVLOMO proceeding with 8 GWH Lithium battery plant slated for construction in Q1 2022 at CPGC, Rayong apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
Thai plans for 8 GWh lithium battery gigafab
A Florida-based e-mobility company and a business park operator have pledged to invest up to $1 billion into the planned factory, in Chonburi province, starting with a 1 GWh section likely to take shape in 2023.The 1 GWh, $143 million first phase of a planned 8 GWh lithium battery factory in Thailand is likely to be up and running during 2023, according to the partners behind it. Florida-based e-mobility company Evlomo Inc and Japanese-Thai business park operator Rojana Industrial Park Public Co Ltd have announced plans to invest up to $1.06 billion into a joint venture to establish the gigagfab, .
EVLOMO and Rojana to invest $1.06B to build 8 GWh battery plant in Thailand
EVLOMO Incorporated and Rojana Industrial Park Public Co., Ltd. announced plans to setup an 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 EV plans.
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