SVOLT Energy, a prominent Chinese battery manufacturer, has commenced mass production of electric vehicle (EV) battery packs at its newly established facility situated in Si Racha town, Chonburi province, Thailand. The plant boasts a total production capacity of approximately 60,000 modules and packs annually. While SVOLT has not disclosed the exact capacity of the plant, reports indicate that bulk deliveries of battery packs to key clients have commenced, aiming to supply over 20,000 packs to local customers within this year.
The battery packs produced at the Thai facility are anticipated to be utilized in various new energy vehicles (NEVs) manufactured by Hozon New Energy Automobile (the parent company of Neta Auto) and Great Wall Motor's brands including Ora, Tank, and Haval, which are locally assembled in Thailand. SVOLT is reportedly considering establishing up to five battery manufacturing plants in Europe, reflecting the company's strategic expansion efforts to meet the growing demand for EV battery packs in the region.
The facility has two production lines, one for producing the battery modules and the other for assembling them into battery packs. It is reported that the battery modules made at the site utilize the company's 'L600' series cells of Lithium Iron-phosphate (LFP) chemistry, currently imported from China. SVOLT Energy's 'LCTP' battery packs assembled at the Thai facility boast a capacity of up to 60 kWh, translating to a driving range of up to 500 kms for electric cars.
The Thai battery plant holds significant strategic importance for SVOLT's worldwide footprint and growth strategy, capitalizing on the nation's burgeoning EV market and strong automotive manufacturing sector. Operated through a joint venture between SVOLT's Thai subsidiary and local Banpu NEXT, the facility represents a pivotal step in the company's global expansion efforts.
Both companies have pledged to enhance their collaboration in energy storage, cell manufacturing, and battery recycling. They are also investigating opportunities for localized battery cell manufacturing, aligning with Thailand's battery production plans starting from 2026. SVOLT Energy Technology Company Limited recently introduced the third generation of its cell-to-pack solutions, named 'Dragon Armor' during the 3rd SVOLT Battery Day held on December 15th of this year.