EVLOMO proceeding with 8GWH Lithium battery plant slated for construction in Q1 2022 at CPGC, Rayong | EVLOMO & ROJANA have parted ways
September
22, 2021, Bangkok.
EVLOMO
is setting up 8 GWH Lithium battery plant in Thailand entailing a total
investment outlay of $ 1.06 billion. The plant will have world class safety
standards and will support the growing demand of energy storage and electric
mobility.
EVLOMO
has exited MoU with Rojana
Industrial Park Public Co., Ltd. (SET: ROJNA) for setting up battery
project at Nong Yai, Chonburi, Thailand. EVLOMO has finalized plots for battery plant in CPGC
Industrial Estate located in the Eastern Economic Corridor, Thailand. CPGC Industrial
Estate in Rayong is established by CG Corporation Co. Ltd., in cooperation with
Industrial Estate Authority of Thailand.
Pre-FEED
of the plant is complete. Construction is projected to break ground in first
quarter of 2022 and the factory is planned to begin operations by second half
of 2024. EVLOMO is also rolling out more than 1,000 new fast chargers across
Thailand over the next five years, a move set to help accelerate widespread EV
adoption.
Nicole
Wu, CEO and Umaporn Waiwitlikhit, VP - Corporate Relations of EVLOMO commented:
“We are thankful to Madam Hong Bo and all others at CG Corporation Co. Ltd.,
for making this possible. Our battery plant will vitalize Thailand’s
electric mobility ecosystem and establish Thailand as a key player in the
electric mobility space in Southeast Asia. This investment will allow us to
take the lead in the lithium-ion battery industry, which is expected to grow
significantly in the next few years.”
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