BOI invades China, attracting world-class battery manufacturers to invest in Thailand
BOI organized a road show in China to attract global battery manufacturers to invest in upstream battery manufacturers in Thailand to strengthen the supply chain of the country's electric vehicle industry and clean energy in accordance with the country's EV policy. Invest to produce cell-level batteries for electric vehicles (EV) and energy storage systems (ESS)" on February 21, 2567 The investment travel committee in the provinces of Kwangtung and the provinces of the People's Republic of China between the 7th and 10th of April 2567 in order to bring such measures to promote investment from the manufacturer of battery cells, which is an industry that uses advanced technology And the money invested in it is the heart of the electric motor vehicle industry The measures to promote investment in the production of cell-level batteries are aimed at attracting the world's leading battery manufacturers to invest in the production of cell-level batteries in Thailand, both for domestic distribution and for use in Thailand as an export base under certain conditions. In order to promote 4 things, (1) you must be a leading battery manufacturer that is used by an electric vehicle manufacturer. (3) must produce battery cells with an energy capacity of not less than 150 Wh/Kg and (4) must have a charge life cycle of not less than 1,000 cycles Investors who have been promoted will receive many benefits, such as tax exemption for legal entities for a maximum period of 15 years Not exceeding 90 percent of the normal rate for raw materials imported for production and distribution within the country, with the exception of import duties for those imported for use in research and development. The ability in the competition to support some of the costs of investing in research and development or the development of personnel. Production capacity Connecting and supporting the electric vehicle industry Level of technology Planning for the transfer of knowledge and technology Employment and personnel development and other issues that will help strengthen the supply chain and increase capacity The ability to compete in the country During this road show, BOI will meet the top executives of China's largest battery companies, which are among the world's top 10 electric vehicle battery manufacturers, such as Contemporary Amperex Technology (CATL), China Aviation Lithium Battery (CALB), Inpow Battery Technology (IBT), Eve Energy, Gotion High-tech, Sunwoda and SVOLT Energy Technology to present the investment potential of Thailand along with the benefits and support measures of the state. XPeng Motor Company, a major electric car manufacturer that recently debuted in Thailand at this year's motor show, to discuss its investment plan for electric car production in the next phase. Currently, BOI has approved a total of 103 investment projects of over 77,000 million baht in the business related to electric vehicles, including 40 investment projects of approximately 25,000 million baht, including batteries for automobiles. Electricity 24 investment projects totaling 13,000 baht, the rest is the production of batteries with high capacity (High-Density Battery) for various industries Only this time is an important opportunity to attract the world's leading companies to invest in the production of battery cells in Thailand "This road show has a clear goal to focus on the group of global battery manufacturers from China in order to attract them to set up a production base in Thailand, which is an upstream raw material that is very important for building strength and replenishing the supply The chain of the electric vehicle industry will make Thailand a hub for the production of batteries and fully integrated electric vehicles.