Thai state oil giant PTT starts making lithium-ion EV batteries

Company building supply chain for its Neta brand

A Neta GT Speedster at the Thailand International Motor Expo: NV Gotion's plant will initially be capable of turning out the equivalent of 50,000 battery packs a year for NETA cars. © AP

APORNRATH PHOONPHONGPHIPHAT, Nikkei staff writer

December 14, 2023 11:13 JST

BANGKOK -- Thai oil and gas conglomerate PTT, has started making lithium-ion batteries, as it works to create a supply chain for its EV brand Neta and to capitalize on the growing green car market.

PTT Chief Executive Auttapol Rerkpiboon said the plant, owned by joint venture NV Gotion and located in Rayong province, southeast of Bangkok, has set up a production line to make lithium-ion batteries with a capacity of 2 gigawatt-hours per year.