Nearly 10 battery companies built factories in Southeast Asia At present, Chinese domestic power battery companies accelerate the formation of groups to go abroad, with core competitiveness of high-end products to overseas markets, accelerate the pace of "going out" to fill the international capacity gap.
In October last year, the company announced that it would invest in cylindrical lithium battery manufacturing projects in Malaysia, with an investment amount of no more than $422 million, mainly producing cylindrical lithium-ion power tools, two-wheelers and cleaning tool battery series products.
The Southeast Asia Lithium-Ion Battery Market report segments the industry into Application (Automotive, Industrial, Consumer Electronics, Other Applications (Medical Devices, Power Tools, etc.)) and Geography (Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Rest of Southeast Asia).
In addition to CATL, at present, domestic lithium battery enterprises including Guoxuan High-tech, EVE Lithium Energy, Sunwoda, Rupu Lanjun, Tianneng , AZURE, GEM, Huayou Cobalt, Zhongwei (CNGR) and other battery and raw material enterprises have or are preparing to invest and cooperate in Southeast Asia.
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