Hasco-CP, a Thai joint venture between Chinese automotive components manufacturer Huayu Automotive Systems and Thailand’s Charoen Pokphand Group (CP), began production at its newly built electric vehicle (EV) battery plant at the beginning of November.

The joint venture is 51% owned by Hasco and 49% by CP.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The 12-hectare facility, located in the New Energy Industrial Park in Chonburi province, has annual capacity for 50,000 battery packs and includes a fully automated assembly and testing facilities covering 60 processes.

The plant will mainly supply battery packs to SAIC Motor-CP, a local joint venture between China’s largest vehicle manufacturer SAIC Motor and CP, to help strengthen its presence in the country’s fast growing zero emission vehicle market.

SAIC Motor mainly sells vehicles in the region under its MG brand.

See Also:

Speaking at a launch ceremony, SAIC Motor-CP president Zhao Feng said his company began selling EVs in Thailand in 2019 and had sold 18,000 units so far.

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.

Nattapol Rangsitpol, general secretary of Thailand’s industry ministry, said: “As the first EV battery factory is launched in the country it demonstrates Thailand’s readiness to become a regional and global EV production base.”

Thailand is rapidly becoming the main production hub for EVs in south east Asia, driven by a growing number of Chinese automakers establishing operations there. The Thai government wants EVs to account for 30% of total vehicle production by 2030.

Gotion High Tech, a Chinese electric vehicle (EV) battery manufacturer based in Anhui province, is building a battery pack assembly plant with completion scheduled for the end of the year.