Thailand hopes to start producing lithium from a mine in its southwest in about two years, boosting its ambitions to become a regional electric vehicle (EV) production hub.
The post Thailand aims for lithium output in two years, boosting EV ambitions.
In a significant leap towards sustainable mobility, the Thai cabinet has given its official nod to a comprehensive set of Electric Vehicle (EV) incentives, charting a course from 2024 to 2027.Thailand has discovered 15 million tonnes of lithium deposit boosting its goal of becoming a regional hub for electric vehicle production.
The find makes Thailand the third largest resource behind Bolivia and Argentina. In December 2023 Two Chinese firms have pledged to invest over $60 million Dollars to fund the production of Lithium.
Setting Thailand as a regional Hub for EV production and significantly reducing the Global footprint of Lithium at present. Making EV globally friendly.