Southeast Asia is becoming an increasingly popular "going out" destination for many Chinese lithium battery industry chain enterprises. Recently, the Thai subsidiary of Hive Energy has received investment from an international energy giant, helping to accelerate the development of the local market.

On October 10, Hive (Thailand) Company and Banpu NEXT, a subsidiary of the international energy giant Banpu, signed a strategic cooperation agreement at the Changzhou Jintan headquarters. Banpu NEXT will invest 40% of Hive (Thailand) Company. According to the agreement, the two sides will cooperate in depth in the development, production, sales and other aspects of automotive power batteries, 2-3 wheeled batteries, energy storage, recycling and other fields, jointly explore the Southeast Asian new energy market, and form a complete industrial chain cooperation.