According to a Shenzhen filing, Gotion’s Singapore unit will set up a joint venture with Thailand’s PTT for the projects with initial registered capital of 300 million baht (US$8.6 million).
Volkswagen-backed Chinese battery maker Gotion High Tech will partner with PTT Group in the production and export of battery modules and packs in Thailand.
According to a Shenzhen filing, Gotion’s Singapore unit will set up a joint venture with Thailand’s PTT for the projects with initial registered capital of 300 million baht (US$8.6 million).
Gotion said the joint venture, which is 49% owned by Gotion and 51% by PTT, will work on batteries for both electric vehicles and energy storage.The Chinese company said in a separate company statement that it is expected to start production at a battery pack production line in Thailand’s Eastern Economic Corridor (EEC) by the fourth quarter…
Gotion and PTT Group plan batteries for EVs and energy storage venture in Thailand
