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Billion-dollar joint venture to build lithium-ion gigafactory in Thailand
Tue, 05/04/2021 - 09:43 Paul Crompton
Plans to build an 8GWh lithium battery plant in Thailand have begun with a joint venture agreement between zero emission vehicle pioneer Evlomo Incorporated and Rojana Industrial Park.
The batteries will be for electric four-wheelers, buses, heavy vehicles, two
Billion-dollar joint venture to build lithium-ion gigafactory in Thailand
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Rojana, EVLOMO to build $1B lithium battery plant in Thai EEC
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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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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.