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CATL to develop EV batteries with Thailand's Arun Plus

$104 million factory to start production in 2024

Arun Plus and CATL said the long-term goal of their partnership is establishing a battery cell plant in Thailand.   © Reuters

BANGKOK -- Chinese battery giant CATL announced on Thursday that it will open a factory in Thailand to assemble batteries for electric vehicles with Arun Plus, a subsidiary of Thai state-owned oil company PTT.

Arun Plus and CATL's joint investment of 3.6 billion baht ($104 million) is the latest in Thailand's push to become a hub for EVs in Southeast Asia as it seeks to protect its automotive supply chain against challenges from Indonesia.

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