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March 19,2025

Thailand Approves Sunwoda’s $1 Billion EV Battery Investment Deal

Thailand’s Commission on National Competitiveness Enhancement approved a $1 billion investment by Sunwoda Automotive Energy Technology to produce EV and ESS batteries. The factory in Chonburi will be ASEAN’s first EV battery cell plant, boosting Thailand’s EV supply chain. The project will create over 1,000 jobs and promote solar energy use.

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