EA has signed MOU with EVE and Sunwoda to co-study and set up at least 6 GWh battery cell production factory in Thailand. The study will include setting up an advanced manufacturing battery cell plant in Thailand with competitive cost of EV and ESS batteries to capture the demand for battery market in Thailand and ASEAN.

Aside from the top full-line renewable energy business developer in ASEAN, EA group companies have been the number one of promoting and manufacturing of Commercial EVs, Charger stations, and Li-ion Batteries in Thailand. EA group companies have promoted Thailand is EV Fast Charge Ecosystem for Commercial EVs along with Thailand is EV 30/30 Vision, transitioning Thailand to a low carbon economy and a regional EV hub. Its EVs has covered building and operating Charging network, Public E-Ferry, Public E-Bus, E-Truck, and E-locomotive being supported by famous Chinese partners.

With Charging network investment last 5 years, EA has been a key player supporting Thai government to set up Thailand strategic master plan of EV and Battery investment promotion to bring Thailand being the center of EV ASEAN market and achieving built and operating 1 GWh fast charge battery cell production plant and EV assembly plant in Thailand, thus bringing in Chinese and foreign BEV to expand EV business until Thailand being no. 1 EV market in ASEAN.

To further support the Chinese EV assembly plant in Thailand, EA has planned to coordinate with a top Chinese battery manufacturer to make EV battery cells & packs in competitive cost and local supply to them.

EVE and Sunwoda have been interested in coordinating with EA as foreseeing Thailand EV-Battery market growth very promising. EVE and Sunwoda, each, will co-study with EA about production and selling the battery cells & packs in Thailand and further ASEAN market.

After co-study, EA will propose Amita Technology (Thailand) Co.,Ltd. to co-invest with the Chinese partner bringing the advanced technology of prismatic battery cell production, procuring low cost of supply chain materials, continuous R&D, and tapping Chinese EV customer base, to build and operate one of the largest competitive battery cell production plant in Thailand and serve most battery demand in Thailand and ASEAN in the initial stage with 6 GWh capacity. EA group companies will further consume some batteries to serve its commercial EVs, support co-selling battery packs to Chinese, Japanese, and European EV manufacturers and also made and sell ESS in Thailand and work closely with Thai Government promotion measures to bring Thailand becoming EV and Battery base in ASEAN.

In this regard, the government's policy to promote investment in EV batteries cell production will be an important factor making the project feasible and building investor is confidence. As a consequence, the government should have measures to expedite and put this policy into effect in order to promote Thailand as the manufacturing hub for lithium-ion batteries and become ASEAN is leader of EV industry in the future.

About Energy Absolute PCL
First established in 2006, and registered as a public company in 2008, Energy Absolute Public Company Limited (EA) then has become the leading alternative and clean energy company implementing advanced and innovative technology for its business operation. The Company aims to conduct its business with the sustainable growth, providing quality of products and services, resourcefulness, environmental concern, and balance of the interest among all stakeholders. EA group has engaged in 5 main business segments related to clean energy using advance technology,
(1) Manufacturing and distributing Biodiesel products (B100), Pure glycerin, Bio-Hydrogenated Diesel, and PCM.
(2) Generating and distributing electricity from Renewable Energy, the capacity of 664 MW. (Solar and Wind)
(3) Developing and manufacturing of Lithium-ion Battery mainly for power industry and auto industry. The fully integrated energy storage system with the largest capacity in the ASEAN. It has an initial capacity of 1 GWh per year, this first phase is ready to be expanded to up to 50 GWh per year.
(4) EV Charging station service, "EA Anywhere", creating largest EV charging network in Thailand.
(5) Designed and developed commercial electric vehicle under the largest factory with the production capacity up to 9,000 units/year, the electric vehicle is called "MINE Mobility". Recently electric ferry, bus, pick up, truck and locomotive have been introduced.

About EVE Group
EVE was established in 2001 and listed in 2009. After 22 years of rapid development, it also is the 3rd largest lithium-ion battery technology provider in China with a battery capacity of no less than 360 GWh. The company has now become a multinational company focusing on lithium battery powering solutions, Offering core technologies and comprehensive solutions for consumer batteries power batteries and energy storage batteries. EVE is products are widely used in the areas of internet of things (IoT), the internet of energy and its lithium-ion batteries are supplied to global first-tier brands. The company has also become one of the top 10 companies in the world in terms of power battery installed capacity, working along with internationally renowned automakers such as BMW, Daimler, Hyundai and Jaguar Land Rover. Its global sales foundation footprint has expanded to the United States, Germany, Malaysia as well as other regions.

About Sunwoda Group
Sunwoda, founded in 1997, began its EV battery business in 2008. According to 2022, it is the 9th largest EV battery producer in the global market and ranked as 5th in China in terms of market share. Last year, it went public on the SIX Swiss Exchange, and the company is actively preparing to enter the European market, with plans including building a battery facility in Hungary. Currently, it has an annual battery production capacity of more than 100 GWh and plans to scale up to 138 GWh by 2025. It has been renown for Fast charge battery manufacturer, PHEV/HEV battery as Nissan E-Power and recently Super Fast Charge battery SFC480. Also, Sunwoda was listed in Benchmark's Tier 1 of Automotive-grade Battery Producers, Dongfeng Maxus, Geely, Li Auto, Huawei, XPeng, Renault and Nissan and awarded repeatedly by Xiaomi, vivo, DFLZ, and etc.