Joint venture to support EV productionNational oil and gas conglomerate PTT Plc and its power generation arm Global Power Synergy Plc (GPSC) have formed a joint venture in the battery supply chain to support PTT's electric vehicle (EV) production. GPSC plans to scale-up its battery production capacity to a gigawatt-hour level after opening the factory in the eastern province. The facility is claimed to be the first semi-solid battery production facility in Southeast Asia. PTT earlier teamed up with Taiwan-based multinational electronics manufacturer Hon Hai Precision Industry Co, also known as Foxconn, to build an EV production plant, which will be located in Eastern Economic Corridor. Mr Auttapol expects EV production to start within the next 2-3 years, with annual capacity of 50,000 vehicles.

Source: Bangkok Post January 13, 2022 06:51 UTC