Arun Plus and Contemporary Amperex Technology (CATL) have signed a strategic MOU to explore potential cooperation and development opportunities in battery-related business in ASEAN, to increase the competitive-edge of both parties in battery business, as well as to secure a long-term energy storage system technology in Thailand and in global markets.
This collaboration between China-based battery maker CATL and Arun Plus - a wholly owned subsidiary of PTT Public Company (PTT) - aims to focus on the EV value chain business. According to the MOU, CATL will authorize its cell-to-pack (CTP) technology to Arun Plus and both parties will explore the opportunity both in Thailand and other countries around the world.
As battery is one of the most important components for electric vehicles (EV), this partnership will be the starting point for building a complete EV value chain using state-of-the-art technology which supports a wide range of applications, CATL said. Both Arun Plus and CATL aim to supply the battery to Horizon Plus, a JV of Arun Plus and Foxconn focusing to manufacture electric vehicles (EVs) in Thailand in 2024, and other EV brands.
Featuring highly efficient integration, CTP is a technology that directly integrates cells into packs without modules, said CATL. By leveraging CATL's CTP technology, the battery pack's design improves system energy density, simplifies manufacturing and results in cost savings.