NV Gotion Co., Ltd., a joint venture between Nuovo Plus Company Limited (Nuovo Plus) and Gotion Singapore Pte. Ltd. (Gotion), a company in the group of Gotion High-tech Co. Ltd., has formed with an authorized capital 750 million baht 51% from Nuovo Plus and 49% from Gotion.

NV Gotion plans to conduct the business of importing, assembling, and distributing battery modules, battery packs for energy storage systems, and electric vehicles (EV). The factory was operated since 2023 and plan to expand a capacity to 4 GWh within 2024.