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Electric vehicles and a variety of portable electronics employ lithium-ion (Li-ion) batteries, a type of rechargeable battery. Compared to normal lead-acid or nickel-cadmium rechargeable batteries, they have a higher energy density.
As a result, the size of the battery pack as a whole can be decreased by battery makers.
The lightest of all metals is lithium. However, lithium-ion (Li-ion) batteries only have ions and not lithium metal. An atom or molecule having an electric charge that results from the loss or gain of one or more electrons is known as an ion.
Every nation has been working diligently to hasten electrification. Building EV battery manufacturing facilities and becoming regional EV (electric vehicle) production centres are the goals of Thailand and Indonesia.
The Thailand Electric Truck Battery Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2029, registering a CAGR of XX% from 2024 to 2030.
A joint venture to develop batteries for electric vehicles between Foxconn of Taiwan and PTT of Thailand was approved by Thailand’s investment office on Monday (EVs).
Prior to domestic EV production, China’s SAIC Motor planned to establish an EV battery plant in Thailand. As the number of used batteries continues to climb, the manufacturer was also carrying out a feasibility assessment for a battery recycling facility.
As part of its most recent global expansion, Tesla has registered to enter Thailand. Tesla, which has previously mostly focused on the US, is now selling its solar and battery goods in Thailand. Honda is also considering of constructing an EV battery facility in Thailand.