Bangkok – Banpu NEXT, a subsidiary of Banpu PCL, a leading smart energy solutions provider in Asia-Pacific, together with SVOLT, a manufacturer and distributor of lithium-ion batteries for electric vehicles, announced the official commencement of production at the SVOLT Thailand factory. The products have already begun bulk delivery for launch in the Thai market with various new energy vehicle models from Great Wall Motors and Hozon Motor. This significant milestone marks SVOLT Thailand factory’s achievement of localized battery supply in Thailand within just five months, further solidifying its new energy industry presence in the Asia-Pacific region. The ceremony included representatives from Minister of Industry (Thailand) and Board of Investment (BOI), Mrs. Somruedee Chaimongkol, CEO of Banpu, Mr. Sinon Vongkusolkit, Group Senior Vice President of Banpu, Mr. Smittipon Srethapramote, CEO of Banpu NEXT and Mr. Yang Hongxin, Chairman and CEO of SVOLT.
This project’s rapid construction and commissioning mark a significant milestone in Banpu NEXT and SVOLT’s expansion. To better localize battery production and supply in Thailand and serve local customers, the SVOLT Thailand factory adheres to the company’s automotive-grade battery manufacturing standards. It has introduced SVOLT’s advanced battery manufacturing technology from China, utilizing leading technologies, processes, and equipment in the power battery industry. The factory has integrated various AI smart manufacturing technologies such as digital monitoring and analysis, as well as full-quality tracing and analysis, aligning closely with Thailand’s EV3.5 policy requirements. The production line setup is remarkably flexible, allowing for quick and easy switching between different product categories. The products manufactured at the SVOLT Thailand factory primarily cater to the new energy vehicles of Great Wall Motor’s ORA, Haval, Tank and so on, as well as Hozon Motor’s new energy vehicles in Thailand. Additionally, based on customer order demand, the SVOLT Thailand factory is projected to supply more than 20,000 sets of battery packs to local customers this year.
Mr. Smittipon Srethapramote, Chief Executive Officer of Banpu NEXT Co., Ltd., said “We are proud to be a part of this joint venture with SVOLT, a significant milestone in our commitment to driving the energy transition toward decarbonization in Thailand and the Asia-Pacific region. I am confident that the official opening of the SVOLT battery production plant will support the increasing demand for batteries for electric vehicles and enhance competitiveness in the Thai and ASEAN EV markets. The commencement of SVOLT Thailand factory underscores our shared vision of providing total smart energy solutions with high quality, locally-tailored battery products and services that meet the evolving needs of our customers while actively shaping the region’s sustainable energy future.”
Mr. Yang Hongxin, Chairman and CEO of SVOLT Energy Technology (SVOLT), stated that the official commencement of SVOLT Thailand factory marks the company’s commitment to adhering to a business philosophy of serving local customers and its determination to push forward with its globalization strategy. The SVOLT Thailand factory, now possesses the production capabilities and technical reserves for a wide range of products. Upon its inauguration, the factory will further expand its production supply capacity, better align with the automotive industry’s overseas expansion plans, and ensure a focus on market demands and competitive products. Looking ahead, SVOLT will leverage a global perspective and a long-termism to deeply understand the local market and customer needs, providing customers with even better localized battery products and services.
SVOLT Thailand factory is an important part of SVOLT’s international layout, established as a joint venture between Banpu NEXT and SVOLT’s subsidiary, SVOLT Energy Technology (Thailand) Co. Ltd., focusing on various areas including EV batteries, two-three-wheeler batteries, energy storage, recycling, etc. Currently, the SVOLT Thailand factory primarily supplies local car manufacturers such as Great Wall Motors and Hozon Motor with LCTP battery packs equipped with L600 short blade cells, meeting the mainstream battery demand for A-segment vehicles in the Thai market.
Banpu NEXT and SVOLT, as long-term partners, share the same goal and commitment to respond to the global trend of new energy. With this inauguration of SVOLT’s Thailand factory, both companies are combining their expertise and actively leveraging innovative technologies from China to support Thailand’s sustainable development goals and become a leading decarbonization hub in the Asia-Pacific region. This move further demonstrates the aligned commitments of Banpu NEXT and SVOLT to providing high-quality, locally-tailored battery products and services with the best tailor-made solutions, while contributing to the region’s energy transition and environmental sustainability.
