Category: eMobility

Thailand in talks with CATL over potential battery plant

Thailand is talking to many companies, not just CATL, but many in the battery industry, an official in the Southeast Asian country said.

Thailand in talks with CATL over potential battery plant-CnEVPost

(Image credit: CnEVPost)

Thailand is in talks with CATL and other battery makers to build production facilities in the Southeast Asian country, a government official said.

"We are talking to many companies, not only CATL but many companies in the battery industry," Narit Therdsteerasukdi, secretary general of Thailand's Board of Investment (BOI), said, according to a May 3 Reuters report.

"This is one of our goals. That we would like to attract battery cell producers to set up their factory in Thailand," Therdsteerasukdi said.

CATL currently has 13 production sites worldwide, including 11 in China, one in Hungary and one in Germany, information on its official website shows. The company currently has no production facilities in Southeast Asia.

CATL is the world's largest power battery maker, with a 35 percent market share globally in January-March, the only one with a share of more than 30 percent, according to a report released by South Korean market research firm SNE Research on May 3.

As the second largest economy in Southeast Asia, Thailand has been looking to become a regional hub for electric vehicle production.

Thailand is currently the world's 10th-largest auto manufacturing economy, and its local auto production is dominated by Japanese automakers, including Toyota and Isuzu Motors.

According to the Thai government's plan, Thailand plans to convert about 30 percent of its annual vehicle production capacity to EVs by 2030.

Over the past few years, Thailand has been attracting investment from several EV companies, mainly Chinese, including Great Wall Motor and BYD.

On May 13, 2022, CATL announced that it had signed a strategic cooperation memorandum with Thailand's Arun Plus to collaborate on battery-related businesses in the ASEAN region.

Under the agreement, CATL will license CTP technology to ArunPlus, and the two companies will promote the application of CTP technology on the ground in Thailand and around the world.

Arun Plus, the EV subsidiary of Thai state energy group PTT, and CATL will supply battery products to Horizon Plus and other EV brands, according to a CATL press release at the time.

Horizon Plus, a joint venture between Arun Plus and Foxconn, plans to produce EVs in Thailand in 2024.

Global EV battery market share in Q1: CATL 35%, BYD 16.2%

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Global EV battery market share in Q1: CATL 35%, BYD 16.2%

CATL's battery is expected to maintain its No. 1 position as it is in high demand in passenger cars such as the Model 3, Model Y, SAIC Mulan, and the Chinese commercial vehicle market, according to SNE Research.

Global battery installations for electric vehicles (EVs) maintained strong growth in the first quarter, with China's CATL and BYD (OTCMKTS: BYDDY) continuing to hold the top two positions.

In the first quarter, global EV battery consumption totaled 133.0 GWh, up 38.6 percent from 95.9 GWh in the same period last year, according to a report released yesterday by South Korean market research firm SNE Research.

Among them, CATL installed 46.6 GWh of batteries in the first quarter, up 35.9 percent from 34.3 GWh in the same period last year.

The Chinese power battery giant continued to rank No. 1 in the world with a 35.0 percent share, down from its 35.8 percent share a year ago and up from its 33.9 percent share in the January-February period.

CATL's battery is expected to maintain its No. 1 position as it is in high demand in passenger cars such as the Tesla Model 3, Model Y, SAIC Mulan, Y, and the Chinese commercial vehicle market, SNE Research said.

BYD installed 21.5 GWh of power batteries in the first quarter, up 115.5 percent from 10.0 GWh in the same period last year.

The company ranked second with a 16.2 percent share in the first quarter, up from 10.4 percent a year earlier and down from 18.2 percent in January-February.

BYD is gaining popularity in the Chinese domestic market with its price competitiveness through a vertically integrated supply chain, including self-supply of batteries and vehicle manufacturing, SNE Research said.

BYD is known to enter the South Korean market soon following Europe, drawing attention to the change in its growth trend, SNE Research added in the report.

LG Energy Solution's power battery installation from January to March was 19.3 GWh, up 37.5 percent year-on-year.

The South Korean company ranked third in the world with a 14.5 percent share, down from 14.6 percent a year earlier.

Japan's Panasonic was fourth with a 9.0 percent share, South Korea's SK On was fifth with a 5.3 percent share and Samsung SDI was sixth with a 4.9 percent share.

China's CALB, Gotion High-tech, Eve Energy and Sunwoda ranked seventh, eighth, ninth and tenth respectively, with shares of 4.3 percent, 2.2 percent, 1.8 percent and 1.4 percent respectively in the first quarter.

Global EV battery market share in Jan-Feb: CATL 33.9%, BYD 18.2%

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