Thailand is taking a step forward in the electric vehicle (EV) industry by signing a memorandum of understanding (MoU) with several EV organizations on battery development.

The MoU aims to establish a collaboration platform for research and innovation in the field of battery technology, which is essential for the growth and sustainability of the EV market.

A memorandum of understanding on battery research was signed by Testa and five partners at the first Asean Battery and Electric Vehicle Technology Conference in Bali, Indonesia, according to Pimpa Limthongkul, president of the Thailand Energy Storage Technology Association (Testa).

The Singapore Battery Consortium, the National Center for Sustainable Transportation Technologies of Indonesia, the National Battery Research Institute of Indonesia, NanoMalaysia Berhad, and the Electric Vehicle Association of the Philippines are the five partners who signed the MoU with Testa.

According to the MoU, the parties will work together to develop a national roadmap for battery development, which will cover aspects such as policy, regulation, standardization, infrastructure, investment, and human resources. The parties will also support and facilitate the exchange of information, knowledge, and expertise among stakeholders in the battery industry.

The MoU is expected to boost Thailand’s competitiveness and readiness in the EV sector, which is projected to grow rapidly in the coming years.

According to a report by Frost & Sullivan, the EV market in Thailand is expected to reach 1.2 million units by 2030, accounting for 25% of the total vehicle sales. The report also highlighted that battery technology is one of the key factors that will determine the success of EV adoption in Thailand.

The MoU is part of Thailand’s efforts to promote green and low-carbon mobility, which is in line with the country’s vision to become a regional hub for EV production and innovation.

Thailand has already implemented various incentives and measures to support the development of the EV industry, such as tax exemptions, subsidies, and charging stations. The MoU will further enhance Thailand’s potential and attractiveness as a destination for EV investment and collaboration.

About the author

Zhong Li is a tech journalist who covers the latest developments in artificial intelligence, robotics, and biotechnology. Zhong Li is passionate about exploring the ethical and social implications of emerging technologies.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Move Forward minimum wage increase policy under scrutiny

According to Move Forward, the current minimum wage is not enough to cover the basic needs of workers, especially in light of the rising cost of living and the economic fallout from the COVID-19 pandemic

Singapore retains its position as the Top Business Environment in the World

The biggest improvements over the past year are in Vietnam, Thailand, Belgium, Sweden, India and Costa Rica. Vietnam is the overall biggest mover worldwide, climbing 12 spots in the rankings, while Thailand improves by ten places and India by six.

Thai Auto Production Up 4% in March

Thailand is one of the largest producers of automobiles in Southeast Asia, and the industry has been growing steadily in recent years.