Battery, EV & Storage APAC

From earth to energy, lithium, nickel, cobalt and other battery metals have shot up in prices and demand, while investment kept pouring in to meet the emergence of the green mobility solution. Riding this EV wave, activities pace up through the supply chain, from metals mining, cathode & battery production, automotive technologies, second-life battery and etc.

Battery chemistry and production technologies is undergoing steep learning curve with KPI to increase charging speed, with cost and weight reduced.  Also, investors and battery companies are laying out geographical plans for their production sites in Asia and Europe.

While the region is trailing behind Japan, China and the US in developing charging infrastructure and offering tax incentives for consumers and manufacturers, the potential of Southeast Asian battery and EV market is promising and yet to be realized.  Framework on incentives and mandates are in development for battery and EV production/adoption.

Thailand is leading other Southeast Asian countries in providing incentives for consumers, investors and production to boost its battery and EV industry.  Recently, Nissan Motors have announced their consideration for EV and batteries production in Thailand, aiming for export potential to the rest of Southeast Asia.  Malaysia is getting on the speed wagon with Chinese manufacturers to speed up adoption of EV, and Indonesia has announced plans to ban sales of petrol and diesel cars by 2040, and aims for market share of EV to reach 20% by 2025.

Also on energy storage, EGAT, Electricity Generating Authority of Thailand, sets out new policy promoting battery energy storage.  Recognizing that renewable energy is still not able to generate stable supply of electricity to fulfil continued power demand in the Kingdom, battery energy storage becomes the significant auxiliary and an important key which could complement renewable energy usage.