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The three parties will collaborate to assemble battery systems in Thailand SINGAPORE, July 21, 2022 /PRNewswire/ Durapower Holdings Pte Ltd ("Durapower" and together with its subsidiaries, "Durapower Group"), a global leader in performance lithium battery storage solutions, has signed a Memorandum of Understanding (MOU) with Banpu NEXT Co., Ltd ("Banpu NEXT"), a leading "Smart Energy Solutions" provider in Asia-Pacific and Cherdchai Motors Sales Company Limited ("Cherdchai"), the largest bus manufacturing company in Thailand, to capture opportunities in the electric vehicle ("EV") market in Thailand. Establishment of a Joint Venture Company Durapower's[1] subsidiary, Durapower Technology (Thailand) Co., Ltd ("Durapower Thailand"), Banpu NEXT, and Cherdchai will form a joint venture company to establish a battery assembly plant in the Nakhon Ratchasima Province of Thailand. The company will be engaged in the ass ....