EVE Energy Co., Ltd. signed a Memorandum of Understanding (MOU) with Thailand-based Energy Absolute Public Co., Ltd. in Huizhou.

EVE Energy will jointly study with Energy Absolute the setting up an advanced manufacturing battery cell factory in Thailand. Specifically, it aims to manufacture competitively priced batteries for electric vehicles and energy storage devices. After the co-study, Energy Absolute will propose Amita Technology (Thailand) Co., Ltd., a subsidiary of Energy Absolute, to co-invest with EVE Energy to construct a battery cell factory with 6GWh capacity in the initial stage in Thailand.

Somphote Ahunai, CEO of Energy Absolute, and Dr. Liu Jincheng, Chairman of EVE Energy, signed as representatives of both parties.

Thanin Wanasuthanon, Head of Battery Business at Energy Absolute; Dennis He, CEO of Atess Power Technology Co., Ltd, as well as EVE Energy’s senior company executives such as Chen Zhuoying, Vice President of Legal Center, Zhu Yanchun, Senior Vice President of EVE Power’s Domestic Marketing Center, and Dr. Anson Chen, General Manager of EVE Power’s International Business Unit, were present to witness the signing ceremony.

EVE Energy and Energy Absolute uphold the principle of “equality, mutual benefits, and common development” together. EVE Energy and Amita Technology will further integrate their resources, jointly planning to build a 6GWh cell and pack factory. Specifically, they specialize in the design, development, manufacturing, and sales of power storage battery cells and pack products. Moreover, they actively develop the business of electric vehicle and energy storage batteries in Thailand and Southeast Asian markets.

Mainly, EVE Energy adheres to a globalization development strategy. Based on China, it extends its layout overseas to Hungary, Malaysia, and other countries and regions, spreading the reputation of Chinese batteries far and wide.

Furthermore, the signing of MOU will promote EVE Energy’s globalization process. EVE Energy will fully utilize its manufacturing advantages and operational experience to build a digital and intelligent factory. It will assist in the transformation and upgrade of Thailand’s automotive industry with world-class products and technologies. Accordingly, it aims to contribute to building a beautiful planet and a community with a shared future for mankind.