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Singapore's Durapower partners Banpu NEXT and Cherdchai Motors Sales Company to capture EV market share in the Asia Pacific

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 ....

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