Thailand-based Energy company Global Power Synergy Plc (GPSC) is building a USD 35.2 million battery cell plant in the country. The initial Manufacturing capacity will be 30 MWh annually, starting before the end of 2020, with an option for extension to 100 MWh in 2021.
The facility construction follows the agreement between GPSC and Japan-based Thai Takasago Company. Located in Map Ta Phut, Rayong, this is the first semi-solid lithium-ion battery Manufacturing facility in Thailand. With this investment in the 24M SemiSolid technology, GPSC aims to penetrate the high-end Energy storage market in Thailand and ASEAN.
Depending on future demand, GPSC will consider building a new large scale battery plant with potential partners from the power industry, electric vehicle Manufacturing industry, and other related industries to prepare for the rapid development taking place in the Eastern Economic Corridor (EEC). Looking forward, GPSC aims to produce and distribute these batteries across Southeast Asia.
Thailand which is a hub for automotive Manufacturing, is seeing increasing activity in the area of electric vehicles from local as well as international players. German carmaker, BMW, launched production of battery module and battery pack in Thailand in September 2019, in partnership with the DRÄXLMAIER Group, which is one BMW’s suppliers. Mercedes-Benz and Toyota have also announced plans to produce batteries for electric vehicles in Thailand.
(Sources: Bangkok Post, InsideEVs)