Jul 06, 2023 06:11 PM

BUSINESS

Chinese EV-Battery Maker SVOLT Breaks Ground on Thai Factory

By Kelsey Cheng and Yu Cong

00:00

00:00/00:00

Listen to this article 1x

What’s new: Chinese lithium-ion battery-maker SVOLT Energy Technology Co. Ltd. has kicked off the construction of its Thailand factory, the company said Wednesday.

The company expects to complete construction by the end of the year and estimates the facility will have an annual capacity of 60,000 battery packs, according to a statement .

The factory will have two production lines, one for making soft-pack battery packs for hybrid vehicles and another for short-blade battery packs used in plug-in hybrids and pure electric-vehicles (EVs), the company said.

Register to read this article for free.

Register

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: China Celebrates Golden Week

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin Deep Dive: Why Singapore Sovereign Fund Sues Chinese EV-Maker Nio

00:00

00:00/00:00

MOST POPULAR

1: Caixin Explains: What China’s New Five-Year Plan Says About the Economy

2: Cover Story: Trade War Deepens as U.S. and China Open New Fronts at Sea and in Silicon

3: Beijing Fast-Tracks $42 Billion Through Policy Banks to Revive Growth

4: Interview: HKMA’s Fintech Chief on Forging Hong Kong’s Digital Asset Future

5: Update: China’s Quarterly GDP Growth Slows to 4.8% as Weak Consumption Weighs

SPONSORED

OR