EV battery pact signed
published : 24 Apr 2021 at 04:00
6 Nicole Wu, chief executive at Evlomo, seated left, and Chai Vinichbutr, vice-president of Rojana Industrial Park, seated right, at the signing ceremony.
Evlomo Inc, a Florida-based company working on electric vehicles (EVs), has teamed up with Rojana Industrial Park Plc to invest US$1.06 billion (33.3 billion baht) in a 8-gigawatt battery energy storage construction project in Nong Yai district in Chon Buri.
The joint venture is 55% held by the SET-listed industrial park operator and 45% by the US firm.
The project is expected to create 3,000 jobs, bringing high technology for electric mobility to Thailand and upgrading Nong Yai to become a manufacturing hub of EVs in Asean.