BMW Group Initiates Construction of Electric Battery Plant in Thailand

Monday, 4 March 2024, 12:11
The BMW Group has launched the construction of a battery assembly plant in Rayong, Thailand, and announced plans for a new production facility for fully electric vehicles. The company's focus on Battery Electric Vehicles (BEVs) includes local production starting in the second half of 2025. With a significant investment in high-voltage battery production, BMW aims to expand its presence in the EV market, aligning with the global trend of increasing electric vehicle adoption rates.
https://store.livarava.com/6a992fd6-da21-11ee-b8bf-5254a2021b2b.jpe
BMW Group Initiates Construction of Electric Battery Plant in Thailand

Details of BMW Group's Investment in Thailand

Since 2019, BMW Group has been producing high-voltage batteries in Thailand for local plug-in hybrids. The new assembly facility will cover 4,000 square meters and will play a crucial role in manufacturing high-voltage batteries.

Decade of Growth in Electric Vehicle Market

The global electric vehicle industry has experienced significant growth over the past decade, with EV sales increasing from 55,000 units in 2011 to nearly 7 million vehicles in 2021. The ongoing surge in EV adoption rates indicates a positive trend for the electric mobility sector.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Related posts

Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe