Reference

Primary source

·Preview

BNEF industry-average battery pack price

$115/kWh

As ofFY2024·Sources1·Primary

BloombergNEF 2024 volume-weighted-average Li-ion pack price benchmark. CATL, BYD lead at $85-95/kWh on LFP scale, cathode verticalisation; Thai entrants target $75-110/kWh with BOI offsets.

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Figure in context

BloombergNEF 2024 volume-weighted-average Li-ion pack price benchmark. CATL, BYD lead at $85-95/kWh on LFP scale, cathode verticalisation; Thai entrants target $75-110/kWh with BOI offsets.

Time scope

FY2024

Source basis

Primary source

Interpretation notes

What this tells you

BloombergNEF 2024 volume-weighted-average Li-ion pack price benchmark. CATL, BYD lead at $85-95/kWh on LFP scale, cathode verticalisation; Thai entrants target $75-110/kWh with BOI offsets.

What not to do with it

Use the linked report for interpretation and keep basis differences explicit.

Related figures

Adjacent numbers that add context without drowning the value.

FY2024

~1 GWh

EA Amita Phase 1 Li-ion cell capacity

EA Amita 56-1, Energy Absolute disclosures

FY2025

~150k vehicles/yr

BYD Thailand Rayong capacity

BYD Thailand, BOI EV3.5, The Nation Thailand

FY2024

~70%

Cell share of battery pack cost

BloombergNEF battery, IEA Global EV Outlook

FY2030 target

30% by 2030

Thailand 30@30 BEV target

BOI EV3.5, TEVMA, FTI Automotive

FY2024

1.47M

2024 vehicle production

Federation of Thai Industries Automotive Industry Club

FY2024

~16%

2024 BEV share of new passenger-car registrations

Department of Land Transport, Thailand Automotive Institute, IEA Global EV Outlook 2025

Report context

Thailand EV Battery Supply Chain Deep Dive

Deep-dive into Thailand's EV battery supply chain — cell manufacturing, pack, BMS localisation, BOI incentive stack. Energy Absolute (SET: EA) Amita Technology gigafactory in Chachoengsao is the first fully Thai-capital Li-ion cell line (~1 GWh Phase 1, scalable to 4 GWh, LFP focus). BYD Thailand Rayong Phase 1 (~150k vehicles/yr) opened 2024 with BYD Blade LFP pack integration. SVOLT EEC JV (Great Wall Motor spin-off) adds Chinese cell capacity. Delta Electronics Thailand (SET: DELTA) anchors pack, BMS, power electronics. NuovoPlus (PTT, Arun Plus JV), Global Power Synergy (SET: GPSC) form the national-champion storage leg with CATL partnership, Semi-Solid-State research via G-Cell (24M Tech). BOM: cells ~70% of pack cost; cathode alone 35-45% of cell cost. Global benchmark: BNEF $115/kWh 2024 industry-volume-weighted average; CATL, BYD at $85-95/kWh; Thai entrants targeting $75-110/kWh with BOI offsets. BOI EV3.5 (2024-27), Category 8 advanced manufacturing directly target cell, pack, BMS. Policy: 30@30 BEV roadmap, TEVMA, FTI Automotive, DEDE standards.

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Atlas actors in this figure's reports

Profiles covered in the report that cite this number.

BYD Thailand

BYD's first overseas BEV plant — 150K-unit Rayong capacity opened July 2024, largest Chinese auto FDI in Thailand.

Delta Electronics (Thailand)

Listed EV power-electronics, charging-infrastructure supplier — the single clearest BEV-content beneficiary at SET scale.

Energy Absolute

Pure-play Thai renewable, EV-value-chain — solar, wind, biodiesel, EV buses, charging, battery. FY2024 THB 25-30B with 2023-2024 governance turbulence.

PTT

State-linked integrated Thai petroleum holdco; six listed subsidiaries; FY2024 consolidated revenue ~THB 2.8T; ~15% of SET market cap.

AAPICO Hitech

Listed Thai Tier-1 with the most diverse customer mix — Toyota, Isuzu, Honda, Ford, GWM.

B-Quik Thailand

Thailand's largest tyre and auto-service chain; operates 350-plus service centres nationwide under the B-Quik brand.

Time scope	FY2024
Sources	BloombergNEF 2024 battery price survey
Basis	Primary source
Confidence	Primary source