Sunwoda Plant

Sunwoda's first plant in Thailand, located in Chonburi Province, will produce lithium-ion battery cells for EV makers.

The investment is to further improve the company's business layout, serve international customers and expand overseas business, Sunwoda said.

The project, with a total investment of RMB 12 billion, has a planned annual capacity of 30 GWh.

This comes less than 20 days after Sunwoda made an announcement revealing its last 30 GWh battery project.

Sunwoda plans to invest about RMB 12 billion ($1.9 billion) to build a 30 GWh power battery production facility in Zhuhai, Guangdong province.