Location >> Thailand Expands Investment Incentives for Battery Industry
Dateļ¼2025-04-18
The Thailand Board of Investment (BOI) has launched a comprehensive investment promotion policy covering the entire battery value chain, with the goal of establishing Thailand as a regional center for battery manufacturing.
Over the past five years (as of March 2025), BOI has approved 49 battery-related investment projects with a combined value exceeding THB 77 billion, successfully attracting leading international manufacturers.
BOI Secretary General Mr. Narit Therdsteerasukdi stated that the agency is actively promoting investment in batteries for electric vehicles (EVs) and industrial energy storage systems, particularly high-density energy storage solutions.
Key incentives include:
For manufacturers of battery cells, modules, and packs:
• Up to 8 years of corporate income tax exemption
• Import duty exemptions on machinery and raw materials
For manufacturers of battery modules and packs:
• Up to 5 years of corporate income tax exemption
• Import duty exemptions on machinery and raw materials
• Additional non-tax support measures
This initiative highlights Thailand's commitment to advancing clean energy industries and strengthening its position in the global EV and energy storage market.
More info: https://www.prnewswire.com/in/news-releases/thailand-approves-sunwoda-to-invest-more-than-us1-billion-in-ev-battery-cell-plants-302400863.html
