ROJNA Hits the Ceiling after Joining U.S. EV Company to Produce Battery Cell in EEC

The share price of Rojana Industrial Park Public Company Limited (ROJNA) hit the ceiling at the open on April 26, 2021, after the report of signing an MOU with the U.S. leading EV company EVLOMO to carry out a battery production project. The share price was traded at ฿6.65/share, increased ฿1.50/share or 29.13%.

 

EVLOMO, a leading electric vehicle company from the United States, and ROJNA have signed an MOU to agree to a joint venture to carry out a battery production project to store electric energy (Battery Cell production) with a production size of 8 GWh or 8,000 MW, which is the largest level in ASEAN. Compared with the capacity of 150,000 EV vehicles, an investment of up to US $ 1.06 billion or approximately 33,000 million baht, the project is located at the Rojana Industrial Estate, Nong Yai District, Chonburi Province. It is an area of the Eastern Special Development Zone (EEC).

 

In 2021, there will be an initial investment of 1 GWh or 1,000 MW immediately with the construction of the plant expected to be completed and produce the first battery within 18-24 months to create quality work not less than 3,000 high-income jobs, along with many other linked positions, benefiting citizens and driving the nation’s economy as a whole.