SVOLT starts operation of battery factory in Thailand

Shanghai (Gasgoo)- On Feb. 28, Chinese power battery supplier SVOLT held a ceremony to celebrate the production commencement of its Thailand battery factory, with volume product delivery kicking off as well, according to a post on its WeChat account.

This significant production milestone signifies SVOLT's remarkable achievement of achieving localized battery supply in Thailand within just five months, further enhancing the company's footprint in the new energy industry across the Asia-Pacific region.

To optimize localized battery production and supply in Thailand and cater to local customers, the Thailand factory has incorporated advanced battery manufacturing technology from SVOLT in China. It embraces cutting-edge technology, processes, and equipment in the power battery industry, integrating multiple AI intelligent manufacturing technologies such as digital monitoring, full-quality traceability, and analysis, said the company. The setup aligns closely with Thailand's EV3.5 policy requirements, offering flexibility in product switching within the production line.

The products manufactured in the Thailand factory will primarily serve new energy vehicle (NEV) models under HOZON Auto and Great Wall Motor’s brands, including ORA, HAVAL, and TANK, sold in the country. Additionally, responding to customer orders, SVOLT's Thailand factory anticipates providing over 20,000 sets of battery packs for local customers this year.

SVOLT's Chairman and CEO, Mr. Yang Hongxin, stated, "The official operation commencement of SVOLT's Thailand factory demonstrates our commitment to a customer-centric business philosophy and the firm determination to drive global strategic development. The factory is already equipped with production capabilities and technological reserves for various products. After commencement, it will further expand its production capacity to better support international expansion by automakers and meet local customer demands, ensuring the company focuses on market needs and industry-leading products."

The Thailand factory is a crucial part of SVOLT's international business layout, established as a joint venture between SVOLT Energy Technology (Thailand) Co., Ltd. (a subsidiary of SVOLT) and Banpu NEXT. It operates across multiple domains, including on-board power batteries, 2/3-wheel vehicle batteries, energy storage, and recycling.