Thailand approves Foxconn – PTT JV to produce batteries for EVs

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Thailand’s Board of Investment has also approved enhanced benefits for investments in EV battery production

Thailand government’s board of investment, the country investment agency, has approved the USD1.04 billion joint venture between Taiwan’s electronics major Foxconn and Thai energy company PTT Public Company Ltd to manufacture batteries for electric vehicles (EVs), according to a report published by news agency Reuters on 13 June 2022.

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