Thai Company to Build a Tesla Style Lithium Ion Battery Factory
May 25th, 2017Via: Bloomberg:
A little-known company from Thailand with grand ambitions in clean energy wants to take on Tesla Inc. at its own game.
Energy Absolute Pcl, which has morphed in recent years from a producer of biodiesel to Thailand’s leading renewable energy company, is eyeing a major push into energy storage with plans to develop a factory somewhere in Asia that would rival Tesla’s Gigafactory in both size and scope.
The Thai company is currently considering its home nation and three other Asian countries as a manufacturing base for a lithium-ion battery project that could eventually be worth as much as 100 billion baht ($2.9 billion), Amorn Sapthaweekul, the company’s deputy chief executive officer, said in an interview in Bangkok.
