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.
Automobiles
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
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