Honeycomb Energy Thailand Module Pack Plant Starts Construction

In recent years, China's new energy vehicles are speeding up to go to sea, Changan, SAIC, Hezhong and other automobile companies have laid out the Southeast Asian market, the rapid expansion of the vehicle business has led to the rapid development of the new energy industry chain. At the beginning of its establishment

, Honeycomb Energy adhered to the strategy of global development. On July 5, local time in Thailand, Honeycomb Energy held a ceremony in Sriracha Chonburi, Chonburi Province, Thailand, announcing the official start of construction of the module Pack plant in Thailand.

According to reports, Honeycomb Energy Technology (Thailand) Co., Ltd., a wholly-owned subsidiary of Honeycomb Energy, is responsible for the landing of Honeycomb Energy Thailand Factory. According to the plan, the Honeycomb Energy Module Pack Factory is upgraded from a local leased factory in Thailand, with an estimated capacity of 60,000 sets of module packs per year.

According to the needs of local customers, Honeycomb Energy Thailand Factory has planned two production lines of HEV module and PHEV/BEV module + PACK, using self-developed soft-pack battery core and short knife battery core, using advanced automatic welding technology and automatic monitoring equipment for production. The plant is expected to be completed by the end of 2023.

The Honeycomb Thailand plant will be based on the local advantages of Southeast Asia, jointly with local partners in Thailand, to expand energy storage, light power and battery recycling business. At present, Honeycomb Energy is actively expanding new customers while cooperating with existing customers such as Great Wall and Hezhong, and has started relevant business negotiations with local enterprises in Thailand. According to

the data, Honeycomb Energy, formerly known as Great Wall Automobile Power Battery Business Department, has carried out pre-research work on batteries since 2012, established Battery Business Department in December 2016, and became an independent Honeycomb Energy Technology Co., Ltd. in February 2018. Headquartered in Changzhou, Jiangsu Province, the company is mainly engaged in R & D, manufacturing and innovation of next-generation battery materials, batteries, modules, battery systems, BMS energy storage systems and solar energy technologies.

Honeycomb Energy has been planning to build a PACK plant in Thailand for a long time. As early as February this year, the Consul General of Thailand in Shanghai met with Mr. Zhang Feng, Co-Chief Operating Officer of Honeycomb Energy, and Chen Lei, Project Manager of Honeycomb Energy Thailand, and exchanged opportunities for investment in the new energy industry in Thailand. In May, the Thai government said that a number of Chinese power battery manufacturers, including Honeycomb Energy, were interested in investing in Thailand, which would promote the development of the local electric vehicle industry. Yang Hongxin, chairman and CEO

of Honeycomb Energy, said that Thailand, as the second largest economy in Southeast Asia, is an important base for automobile manufacturing and export in Southeast Asia, providing a huge opportunity for China's new energy vehicles to go to sea. Honeycomb Energy will take Thailand as a new starting point for the strategic layout of the Southeast Asian market, rely on domestic advanced power battery technology and Thailand's local policy environment, introduce China's advanced lithium battery technology into Thailand, build a local battery supply chain system, and help China's new energy go to the world.