A joint venture company established by Arun Plus Company Limited (Arun Plus) holds 51%, and Global Power Synergy Public Company Limited (GPSC) holds 49%, with a registered capital of 4,200 million baht. Nuovo Plus Company Limited, or Nuovo Plus, was founded on January 11, 2022. The core business is battery manufacturing, assembly, and system integration for mobility (EV) and stationary (ESS) applications.

       The company aims to be the leading battery manufacturing player and leverage the EV ecosystem to sustain business growth and accelerate Thailand’s economic transformation. To achieve these aims, Nuovo Plus is positioning as a BATTERY SOLUTION PROVIDER that can be used widely in varied sectors, for example, Commercial and Industrials (C&I), Grid-Scale, Uninterruptible Power Supply (UPS), Mobility PowerStation, Electric Vehicle (EV).

       In a visionary collaboration with Gotion High-Tech, a leading global battery company, Nuovo Plus established NV Gotion Co., Ltd. to assemble battery packs for electric vehicles and energy storage systems. The assembly plant, completed and operational by the end of 2023 at the Siam Eastern Industrial Park in Rayong, has an initial production capacity of 4 GWh. This supports delivering high-quality battery products for Thailand’s and the region’s electric vehicle and energy storage industries.

       Nuovo Plus is intensively seeking business opportunities to expand its battery business in Thailand and SEA via internally developing new S-curve businesses and seeking partnerships to gain business competitiveness and establish a higher level of product quality for all customers.