of December 7, the first battery product of Guoxuan Hi-Tech's Thai Joint Venture Company (hereinafter referred to as NVGOTION) was officially launched in Siam Oriental Industrial Park, Luoyong, Thailand, and Guoxuan Battery officially opened the pace of "Made in Thailand". The first battery product
of Guoxuan Thailand Factory is offline.
This lithium iron phosphate battery pack has 38 kilowatt-hours of electricity and a range of 400 kilometers, which can meet the mainstream battery demand of A-class cars in Thailand's new energy automobile market.
NVGOTION CEO Sun Xiyi introduced that the first phase Pack capacity of Thailand plant is planned to be 2 GWh/year , and it is planned to expand to 8 GWh/year according to market demand in the future. Data show that in the first three quarters of this year, the number of new energy vehicles registered in Thailand exceeded 50,000, 7.6 times that of the same period last year, and the market potential is huge. In addition, in 2023, Guoxuan Gaoke has reached strategic cooperation with Hezhong New Energy, and has obtained a number of fixed-point models of Nezha Automobile under the company.
NVGOTION is a joint venture between Guoxuan Gaoke, a leading power battery company in China, and Nuovo Plus, a new energy solution company in Thailand.
Nuovo Plus is principally engaged in battery business and battery industry chain investment-related business, and belongs to PTT Group (Public Company Limited.) of Thailand. The latter is Thailand's largest state-controlled energy and petrochemical company, the world's top 500 enterprises. "PTT Group is deeply aware of the urgency of global climate change and is committed to reducing net carbon emissions to zero by 2050," said Mr. Atapone (Mr. Auttapol Rerkpiboon), CEO and President of
PTT. Through the joint venture of Nuovo Plus and Guoxuan Gaoke to build a super battery factory in Thailand and introduce advanced battery technology and innovative products, we can accelerate the realization of PTT Group's goals in the value chain of new energy vehicles and clean energy industry. Li Qi, chairman
of Guoxuan Gaoke, said that the new energy reform with "solar energy, wind energy + energy storage" as the main body has opened up a vast space for the new energy industry. The joint venture factory in Thailand was successfully completed and rapidly put into production in November. The first local battery pack rolled off the production line marked the official blossom and fruit of the cooperation between the two sides, and also marked another important milestone in the globalization process of Guoxuan, which will make greater contributions to Thailand becoming the leader of the ASEAN battery market.
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