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GAC's first overseas battery factory opens in Thailand

GAC's first overseas battery factory opens in Thailand

Guangzhou Automobile Group (GAC) inaugurated its first overseas battery pack factory in Thailand on October 29, 2023, signaling a crucial milestone in the company's strategy to localize its electric vehicle (EV) supply chain internationally. This development complements GAC's ongoing vehicle manufacturing activities in Thailand, enabling the automaker to localize both vehicle assembly and essential battery components.

The facility, managed by battery unit INPOW, is situated in Thailand's Chonburi province and is set to produce battery packs specifically for locally manufactured Aion Y Plus electric vehicles. Phase one of the project is projected to achieve an annual capacity of 7,000 battery packs, with a potential expansion to 20,000 packs per year in the second phase, according to the company's statement.

GAC highlighted the strategic advantages of the new plant, emphasizing that it will help reduce delivery times, enhance supply-chain security in Thailand, and facilitate the company's growth in the broader Southeast Asian market.

Written by urgent.news from CNA - Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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