Thailand likely to house major EV battery factory within two years

[snoop1130]

 

The Board of Investment (BoI) anticipates the establishment of a substantial facility for the manufacturing of battery cells for electric vehicles (EVs) in Thailand within a two-year timeframe. This projection follows a promotional roadshow conducted by the BoI in China just last week.

 

Narit Therdsteerasukdi, the BoI Secretary-General, explained that this roadshow emphasised the benefits and incentives being offered to Chinese EV battery producers. The event took place in the Chinese provinces of Fujian and Guangdong from April 7 to April 10.

 

Among the manufacturers showing interest were Contemporary Amperex Technology Co Ltd (CATL), China Aviation Lithium Battery (CALB), Inpow Battery Technology (IBT), Eve Energy, Gotion High-tech, Sunwoda, and SVOLT Energy Technology.

 

These companies recognised the potential for investment in Thailand and expressed keen interest in the BoI’s newly introduced incentives for the production of EV battery cells and energy storage systems, as noted by the BoI secretary-general.

 

Narit further pointed out that the manufacturing of battery cells constituted an upstream industry. This sector requires a comprehensive understanding of chemical and material science, along with significant investment. It forms the backbone of the electric vehicle industry.

 

To bolster competitiveness, the BoI provides a range of incentives to prospective investors. These include a waiver on corporate income tax, exemption from tariffs on imported machinery and raw materials, and financial support.

 

The BoI secretary-general anticipates that, within the current year, at least two large-scale manufacturers will finalise their plans to produce battery cells in Thailand. He estimates a combined investment of approximately 30 billion baht (US$ 800 million) for this venture. Each manufacturer is expected to kick off with an annual production capacity ranging between 6 and 10 gigawatt-hours, reported Bangkok Post.

 

Other companies are either in talks with potential Thai partners or expanding their initial plans focused solely on producing battery modules and packs. These firms have shown interest in the new incentives rolled out by the BoI, said the BoI secretary-general.

 

“I am confident that, in two years, Thailand will house a large-scale battery cell factory. This will mark another significant milestone, further strengthening the supply chain and establishing a solid foundation for the long-term growth of the electric vehicle industry in Thailand.”

 

By Alex Morgan

Caption: Picture courtesy of frimufilms, Freepik

 

Source: The Thaiger 2024-04-17

 

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[dinsdale]

“I am confident that, in two years, Thailand will house a large-scale battery cell factory. This will mark another significant milestone, further strengthening the supply chain and establishing a solid foundation for the long-term growth of the electric vehicle industry in Thailand.”

Trying to bolster a waning EV market in China. Hydrogen or new tech batteries such as sodium, sulphur and solid state for example are the future not lithium ion. In two years lithium ion batteries will be on the way out. As I said the Chinese EV market is not healthy. Not sure if this is the right horse to back.

https://www.bnnbloomberg.ca/boom-in-china-s-ev-market-slows-as-economy-weighs-on-sentiment-1.2019532

[RubbaJohnny]

revolting eh

[0ffshore360]

Why would this be some cause for surprise? Thailand  is well placed to be a manufacturing  center for  ev vehicles given proximity to  neighbouring  markets with obvious  need of  supply for batteries.

Objections to the concept of  ev  is irrelevant to the commercial interest in profiting  from it. \

People need  wake up to the fact that the traditional faces of global corporate is  rapidly changing .

Not for better. Just changing.

 

[dinsdale]

12 minutes ago, 0ffshore360 said:

Why would this be some cause for surprise? Thailand  is well placed to be a manufacturing  center for  ev vehicles given proximity to  neighbouring  markets with obvious  need of  supply for batteries.

Objections to the concept of  ev  is irrelevant to the commercial interest in profiting  from it. \

People need  wake up to the fact that the traditional faces of global corporate is  rapidly changing .

Not for better. Just changing.

 

Yep. Face of Tesla is certainly about to change with 10% of it's global workforce going to get the boot.

[hotchilli]

14 hours ago, snoop1130 said:

The Board of Investment (BoI) anticipates the establishment of a substantial facility for the manufacturing of battery cells for electric vehicles (EVs) in Thailand within a two-year timeframe. This projection follows a promotional roadshow conducted by the BoI in China just last week

[Henryford]

China is looking to flood the world with their over capacity of crap EVs. Thailand no doubt will be happy to accept anything if it brings in some cash.

[mikebell]

My daughter has an EV in UK.  It causes her considerable headaches when planning a journey of even middling distances.  Thailand's vast size would surely militate against relying on battery power alone?

[jacko45k]

3 minutes ago, mikebell said:

My daughter has an EV in UK.  It causes her considerable headaches when planning a journey of even middling distances.  Thailand's vast size would surely militate against relying on battery power alone?

No shortage of people doing Vlogs in the UK complaining about life with an EV! Not only the issue of finding charging facilities away from your own home one. The time wasted and high cost of charging and some issue of a guy getting locked out of, and later locked in, his own vehicle!

[brfsa2]

13 hours ago, dinsdale said:

“I am confident that, in two years, Thailand will house a large-scale battery cell factory. This will mark another significant milestone, further strengthening the supply chain and establishing a solid foundation for the long-term growth of the electric vehicle industry in Thailand.”

Trying to bolster a waning EV market in China. Hydrogen or new tech batteries such as sodium, sulphur and solid state for example are the future not lithium ion. In two years lithium ion batteries will be on the way out. As I said the Chinese EV market is not healthy. Not sure if this is the right horse to back.

https://www.bnnbloomberg.ca/boom-in-china-s-ev-market-slows-as-economy-weighs-on-sentiment-1.2019532

It is true there will be new battery technology coming based on Solid State. However current Lithium batteries are actually really good, and I do think LFP batteries have a long way to go, compared to NMC Lithium batteries.

For comparison, Tesla and the first EV cars has been using NMC batteries since 2012, and only in 2023 it switched to LFP batteries with some models, other models are to follow this year. 

 

LFP batteries are the most durable and long-lasting batteries, and has slowly become one of the most popular in the industry. Every BYD car uses it. 

They are greatly overlooked and most people dont know they can actually last 1,000,000 KM , mostly used where long-range is not the primary requirement but affordability and battery life are. Eventually density will increase and provide better range. 

 

Here is a comparison, which translates to the battery of BYD atto 3 having the ability to last millions of KMs, which is way before the car itself is gone.

This image is a bit old, and new LFP batteries are able to reach 200 Wh/kg 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

If you ask me, LFP is always preferable for everything other than high performance luxury cars. It is crazy that it has been so overlooked and under-appreciated.

 

 

 

 

[dinsdale]

15 minutes ago, brfsa2 said:

It is true there will be new battery technology coming based on Solid State. However current Lithium batteries are actually really good, and I do think LFP batteries have a long way to go, compared to NMC Lithium batteries.

For comparison, Tesla and the first EV cars has been using NMC batteries since 2012, and only in 2023 it switched to LFP batteries with some models, other models are to follow this year. 

 

LFP batteries are the most durable and long-lasting batteries, and has slowly become one of the most popular in the industry. Every BYD car uses it. 

They are greatly overlooked and most people dont know they can actually last 1,000,000 KM , mostly used where long-range is not the primary requirement but affordability and battery life are. Eventually density will increase and provide better range. 

 

Here is a comparison, which translates to the battery of BYD atto 3 having the ability to last millions of KMs, which is way before the car itself is gone.

This image is a bit old, and new LFP batteries are able to reach 200 Wh/kg 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

If you ask me, LFP is always preferable for everything other than high performance luxury cars. It is crazy that it has been so overlooked and under-appreciated.

 

 

 

 

 

[wombat]

now that ammonia has been found to carry hydrogen safely hydrogen fuel cells are the way fwd...EV have no resale value....watch for musk doing a pump and dump EV before he commits to hydrogen fuel cells...you can thank me later...you read it here first

[Spilornis]

Toyota has been working on the "famed" solid state battery for a long long time. They still have some huge technical obstacles to overcome unfortunately. It will give a range of around 1200 kms on a 10 minute charge

The break through battery has not eventuated but it may