Thailand pushes to become a global EV battery hub—success! Recently, the Board of Investment (BOI) approved incentives for Sunwoda, a top-10 Chinese battery giant, to invest 50 billion baht to build Thailand’s first upstream battery cell production base. The company will establish two factories in Chonburi to meet the rising demand for electric vehicles and clean energy.
This historic investment will complete Thailand’s EV supply chain, starting with advanced upstream battery cell manufacturing. The factories will use virtual factory systems and automation to tightly integrate the energy storage system (ESS) industry.
The project will create over 4,000 quality jobs—including 900 engineers and researchers—and train 600 vocational students. It includes nine joint research projects with Thai institutions and trains 600 vocational students. It includes nine joint research projects with Thai institutions and will help Thailand lead the regional battery industry, support carbon neutrality goals, and elevate full-cycle EV manufacturing.
This move underscores Thailand’s potential as a clean technology hub of the future, ready to ride the wave of global investment surges!
Additional Information: Board of Investment (BOI)
Link: https://www.boi.go.th
EN
CN
DE
JP
TH
