Gotion High Tech Company, a Chinese electric vehicle (EV) battery manufacturer based in Hefei, Anhui, plans to build a battery pack assembly plant in Thailand to support rising demand for EVs in the country, according to reports in China.

Gotion is establishing a Thai joint venture called NV Gotion with its Gotion Singapore subsidiary and Nuovo Plus, the subsidiary of Thai petrochemical firm PTT.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

According to reports, the joint venture would engage in the design, development, manufacture, sale and export of battery modules.

Gotion plans to have a factory operating in Thailand’s eastern economic corridor by the fourth quarter of 2023 to supply a growing number of EV production operations in the country with an eye also on exporting battery packs to other countries in the region.

Chinese automakers such as BYD, SAIC Motor and Great Wall Motors, are stepping up introduction of EVs in Thailand while European manufacturers such as Mercedes-Benz and BMW and some Japanese automakers are also getting in on the act. Last month Tesla also began selling its Chinese-made EVs in Thailand. Local analysts expect EV sales in the country to exceed 25,000 units this year, helped by sales incentives introduced last year by the government.

See Also:

The Thai government has set a target for 50% of vehicle output to be battery powered by 2030. Last year the country produced an estimated 1.9m vehicles, around 55% of which were exported.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Gotion recently announced plans to build an EV battery plant in Vietnam in cooperation with domestic vehicle startup VinFast and was considering a full-scale factory in the US.