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Energy Absolute Plots Asian Project Rivaling Musk's Gigafactory

  • Company mulling locations for lithium-ion battery factory
  • Investment in the project could reach 100 billion baht

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A little-known company from Thailand with grand ambitions in clean energy wants to take on Tesla Inc. at its own game.

Energy Absolute Pcl, which has morphed in recent years from a producer of biodiesel to Thailand’s leading renewable energy company, is eyeing a major push into energy storage with plans to develop a factory somewhere in Asia that would rival Tesla’s Gigafactory in both size and scope.