EVLOMO Incorporated and Rojana Industrial Park Public Co. Ltd. (ROJNA) announced plans to setup 8 GWH Lithium Battery plant in the EEC of Thailand. Together, the companies will invest up to a total of $1.06 billion through a new joint venture company. In this new JV company, Rojana Industrial Park Public Co. Ltd. would own 55% shares and balance 45% would be owned by EVLOMO Incorporated. The battery plant will be on a greenfield manufacturing site at Nong Yai, Chonburi, Thailand that will create more than 3,000 new jobs and bring required technology to Thailand, as achieving self-reliance in battery manufacturing is critical to Thailand's ambitious EV plans ahead. The collaboration brings together Rojana, leader from industrial estate development sector of Thailand and with EVLOMO, leader in electric mobility in Thailand to develop and produce technologically advanced batteries. The battery plant will establish Nong Yai as an EV hub of Thailand and ASEAN region. The technological aspect of the project will be led by Dr. Li Qiyong & Dr. Xu, who would bring technology to design and produce the lithium batteries in Thailand. In the first stage both parties will setup 1 GWH plant with an investment of USD 143 million in 18-24 months. Groundbreaking is expected to take place in 2021. The batteries will be for electric four-wheelers, buses, heavy vehicles, two-wheelers, and energy storage solutions for Thailand and overseas markets.