China's largest battery maker for electric vehicles (EVs), CATL, plans to authorise and license technology to a homegrown company in the aim to supply Thailand's EV manufacturers.
Automotive News reports that Arun Plus Co., a subsidiary of Thailand's state-owned oil producer, PTT Public, will be allowed to use the technology to integrate battery cells directly into packs.
Also read: China’s battery giant CATL claims 2 million km electric car battery ready
The battery packs produced will be supplied to Horizon Plus, following a memorandum of understanding (MoU) signed by the two companies recently.
Horizon Plus is a joint venture between Arun Plus and electronics company Foxconn. They're expected to launch Thailand's 'national' EVs come 2024, one of which includes the Pininfarina-designed Model E as seen above.
Also read: Candidates for Thailand’s ‘national’ EV, Foxconn unveils 3 models, over 700 km range
Extending beyond Arun Plus, CATL said it expects to supply battery packs to other automtoive brands in Thailand and other Southeast Asian countries with similar licensing deals.
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