Thailand Approves $1 Billion Sunwoda Investment for EV Battery Cell Production, Strengthening ASEAN's Manufacturing Hub Status

On March 13, 2025, Thailand approved an investment exceeding $1 billion from Sunwoda Electronic via its subsidiary, Sunwoda Automotive Energy Technology (Thailand) Co., Ltd. This investment will establish manufacturing facilities in Thailand's Eastern Economic Corridor, specifically in Chonburi Province, to produce lithium-ion battery cells for electric vehicles (EVs) and energy storage systems (ESS). This initiative aims to reinforce Thailand's position as a key manufacturing hub for EVs and hybrids within the ASEAN region. The new factory is expected to hire over 1,000 staff upon commencement of production and will include research and product development, contributing to knowledge transfer and the expansion of ESS and solar energy use in the country. Sunwoda's SEVB brand ranked first in sales of batteries for hybrid electric vehicles (HEV) and third in sales of batteries for high-end EV in China in 2023.