How will Thailand's lithium-ion battery industry grow?
The Thai lithium-ion battery industry is set to post steady growth ahead, thanks to increased investment from mainstream auto makers to accommodate growth in the production of their electric vehicles (xEVs) in Thailand and from entrepreneurs in the Thai energy industry, who have seen business opportunities arising from electric vehicles.
Will Thailand's first EV battery production plant boost EV industry?
Under joint efforts, venture expected to give impetus to industry in SE Asia Thailand's first domestic electric vehicle battery pack production plant went into operation on Thursday. The plant, run jointly by Chinese battery cell manufacturer Gotion High-tech and Thai company Nuovo Plus, is expected to give Southeast Asia's EV industry a boost.
Does Thailand have lithium-sodium deposits?
This discovery of potential lithium-sodium deposits is both good news and beneficial for Thailand’s electric automotive industry. It positions Thailand as one of the countries with the highest lithium reserves globally, enhancing the nation’s competitive edge in electric car and battery production.
Where did Thailand find lithium?
Radklao Inthawong Suwankiri, the Deputy Spokesperson for the Prime Minister ’s Office, revealed that the Ministry of Industry’s expedited exploration led to the discovery of the lithium mines, known as Rueang Kiat and Bang E Tum. In addition to lithium, Thailand also discovered substantial reserves of sodium in the northeast region.
Can Thailand become a major lithium producer?
Now, Thailand also stands a chance to become a significant player. According to the Department of Primary Industries and Mines, Thailand has discovered lithium resources exceeding 14.8 million tonnes, ranking the country third globally in lithium reserves, after Bolivia and Argentina.
Does Thailand have EV batteries?
In addition to lithium, Thailand also discovered substantial reserves of sodium in the northeast region. Both minerals are crucial for producing 100% EV batteries, reinforcing Thailand’s readiness to advance towards becoming a central and primary production base for EV batteries in the region.
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