Chinese Carmaker SAIC Motor Opens First EV Battery Plant In Thailand
CHONBURI, Nov 1 (NNN-TNA) – Chinese carmaker, SAIC Motor, yesterday, announced the opening of its first electric vehicle (EV) battery plant in Thailand, as the first deeply localised battery rolled off the assembly line in the factory.
The EV battery plant, spanning 12 hectares, is located in New Energy Industrial Park, Chonburi province’s Eastern Economic Corridor Special Zone.
With a production capacity of 50,000 units per year, the EV battery plant is divided into two main areas. The first one is the battery assembly area, which is fully automated, and the second area is designated for battery standard testing, which involves over 60 processes.
Zhao Feng, president of SAIC Motor-CP, a joint venture between SAIC Motor Corp and Charoen Pokphand Group, said, they invested 500 million baht (around 13.9 million U.S. dollars) in the EV battery plant, and the plant showcases the company’s vision as a pioneer and leader in electric vehicles in Thailand.
SAIC’s MG brand, which entered the Thai EV market in 2019, has become one of the most popular brands among Thai customers, with more than 18,000 units sold, so far, in the country,
As the first EV battery factory launched in the country, this will reflect Thailand’s potential and readiness to become a regional and global EV production base, said Nattapol Rangsitpol, permanent secretary of the Ministry of Industry.
Thailand has long been a major automobile production base in Southeast Asia, due to its industrial chain and geographical advantages. Under the government’s investment promotion, the country aims to produce EVs for 30 percent of all vehicles in the country by 2030.
This month, another Chinese carmaker, Changan, signed a land purchase agreement with Thailand’s industrial estate developer, WHA Group, to build a new EV factory, with an initial capacity of 100,000 units per year.
According to the Federation of Thai Industries, in the first half of 2023, Chinese brands accounted for over 70 percent of Thailand’s EV sales.