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August 26, 2020

Thailand’s Energy Absolute launches EV battery recycling study

Thailand’s Energy Absolute (EA), founded by Thai energy billionaire Somphote Ahunai, has launched a study into electric vehicle lithium-ion battery recycling ahead of plans to begin production in the country next year.

By bcusack

Thailand's Energy Absolute (EA), founded by Thai energy billionaire Somphote Ahunai, has launched a study into electric vehicle lithium-ion battery recycling ahead of plans to begin production in the country next year.

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The three-year study will be conducted with the collaboration of engineers at Chulalongkorn University and is designed to provide EA with in-depth battery recycling technology before the company goes ahead with the next phase of its EV battery manufacturing expansion in 2023.

EA's local subsidiary Amita Technology Thailand is already scheduled to begin production in 2021 at a THB6bn (US$191m) facility in Chachoengsao which will have the capacity to produce one gigawatt-hours of lithium-ion batteries per year.

The facility will be the first lithium-ion EV battery plant in South-east Asia. The next phase of expansion will bring Amita Technology Thailand's annual production capacity to 50 gigawatts-hours, with the company targeting export markets.

Amita Technology Thailand was established after EA acquired a 77% stake in Taiwanese battery producer Amita Technologies Inc for THB3bn in 2018, along with its lithium-ion manufacturing expertise and its STOBA (self-terminated oligomers with hyper-branched architecture) technology – a hyper-branched polymer that can suppress electron and ion conduction if something goes wrong.

EA aims to dramatically bring down the cost of electric vehicles in the country by significantly increasing local production capacity. The company has also invested in a large recharging network across Thailand.

Free Report
img

What does the future hold for the US electric vehicles market?

The US Electric Vehicles (EV) market has established itself as one to watch. Despite China maintaining the number one spot, the US holds significant standing as one of the major EV markets, with GlobalData’s whitepaper identifying a strong growth trajectory within the forecast period. This report further analyzes the trends, market drivers, and government incentives set to influence and facilitate the market.   This report also looks beyond the US and touches on environmental concerns set to drive the EV market worldwide.   Want to find out more? This report demonstrates GlobalData Explorer’s sector analysis capabilities, showing how you can:  
  • Get historical and forecast market sizing data, with country specific insight for 22+ of the world’s largest industries
  • Track sector dealmaking activity, to view aggregate volumes, specific deals and top investors for all major deal types in M&A, Capital Raising, and Partnerships
  • Analyze news from GlobalData Explorer’s News Database – enable screening and alerts by industry, company, geography and news sentiment for filtered insight
  • Identify and track the key disruptive trends that are keeping the top digital thought leaders talking through social media analytics
  Consult this report now to find out how you and your company can benefit from our Explorer platform.
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Enter your details here to receive your free Report.

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