- In this new JV company, Rojana Industrial Park Public Co., Ltd. would own 55 per cent shares and balance 45 per cent would be owned by EVLOMO Incorporated.
- The battery plant will be on a greenfield manufacturing site at Nong Yai, Chonburi, Thailand that will create more than 3,000 new jobs and bring required technology to Thailand
Evlomo Incorporated and Rojana Industrial Park Public Co., Ltd have announced plans to setup an 8 GWh Lithium Battery plant in the EEC of Thailand. They will invest up to a total of $ 1.06 billion through a new joint venture company. In this new JV company, Rojana Industrial Park Public Co., Ltd. would own 55 per cent shares and balance 45 per cent would be owned by EVLOMO Incorporated.
The battery plant will be on a greenfield manufacturing site at Nong Yai, Chonburi, Thailand that will create more than 3,000 new jobs and bring required technology to Thailand. In the first stage both parties will setup a 1 GWhplant with an investment of US$143 million in 18-24 months. Groundbreaking is expected to take place in 2021. The batteries will be for electric four-wheelers, buses, heavy vehicles, two-wheelers, and energy storage solutions for Thailand and overseas markets.
Led by Dr. Li Qiyong & Dr. Xu. Dr. Li Qiyong
The technology of the project will be led by Dr. Li Qiyong & Dr. Xu. Dr. Li Qiyong, Former VP of LG Chemicals (Korea) battery research and development has more than 20 years of experience in manufacturing and management of lithium-ion batteries/lithium-ion polymer batteries. Dr. Xu, was responsible for new materials, new technology development, and new product applications for one of the top 3 global battery producers.