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BANGKOK, March 13, 2025 /PRNewswire/ -- Thailand's Commission on the National Competitiveness Enhancement for Targeted Industries, at a meeting today, approved an investment by a unit of China's Sunwoda Electronic worth more than a billion dollars in the production of electric. . BANGKOK, March 13, 2025 /PRNewswire/ -- Thailand's Commission on the National Competitiveness Enhancement for Targeted Industries, at a meeting today, approved an investment by a unit of China's Sunwoda Electronic worth more than a billion dollars in the production of electric. . Sunwoda smashed tens of billions of dollars to build a factory in Thailand: why did Chinese battery manufacturers go to Southeast Asia? Sunwoda smashed tens of billions of dollars to build a factory in Thailand: why did Chinese battery manufacturers go to Southeast Asia? Text: Huaxia Energy Network. . The move strengthens Thailand's EV and energy storage supply chain as the country pushes to become a regional manufacturing hub. China's leading lithium battery producer Sunwoda has received approval from Thailand's Board of Investment (BOI) for a THB 50 billion ($1. Focused on the import. . Svolt witnessed the roll-off of the 10,000th EV battery pack from its Thailand joint venture plant, following the production of the first battery pack in December 2023. 3 gigawatts (GW) in 2023 to more than 18 GW in 2033, according to a forecast by Rystad Energy.