Will Thailand's first lithium-ion battery Gigafactory complete EV ecosystem?

Amita Technology, Thailand and ASEAN's first lithium-Ion battery gigafactory, has pledged to complete the country's electric vehicle (EV) ecosystem by developing its own battery manufacturing from upstream to downstream, says Energy Absolute, Amita Technology's parent company.

Will a lithium-ion battery factory strengthen Thailand's EV hub?

Speaking to a group of The Nation media members during a factory visit in Chachoengsao, Somphote Ahunai, CEO of Energy Absolute, said that having a factory that can completely produce lithium-ion batteries from cells will reinforce Thailand's position EV hub.

Could a lithium mine be a key metal for EV batteries?

The silvery-white element is a key metal for EV batteries and establishing lithium mines would put Thailand in a unique position compared to other major producers because it is also developing an EV production industry, including $1.44 billion in investment commitments from Chinese carmakers.

What will PTT's new lithium-ion battery plant do in Q4 2023?

According to PTT Public Company chief new business and infrastructure officer Dr Buranin Rattanasombat, the plant will have developed, and be providing, “high-quality lithium-ion batteries to the market” by Q4 2023. The plant’s initial production capacity will be 1GWh/year, with plans to double that by the middle of the decade.

What's going on with Lithium Exploration in Thailand?

The Thai government is also pushing for lithium exploration in new areas, including revising regulations to enable private firms such as Matsa Resources (MAT.AX), an Australian miner hunting for lithium in Thailand, to undertake studies on agricultural land, DPIM's Aditad said.

Could reung Kiet lead to EV batteries?

The Reung Kiet resource could translate into enough lithium for at least 1 million EV batteries of 50 kilowatt-hour capacity, the DPIM's Director General Aditad Vasinonta said, adding that mining could begin there in about two years. The mineral resources at Bang I Tum may be 10%-70% larger than Reung Kiet, according to Pan Asia's Lock.