With a project value of $1,000 million, the Foxconn/ PTT Public Co – Thailand Battery Electric Vehicle Manufacturing Plant – Chon Buri project was the largest Vehicles construction project globally, on which construction started in Q4 2022. The Foxconn/ PTT Public Co – Thailand Battery Electric Vehicle Manufacturing Plant – Chon Buri project is located in Chon Buri(CITY), Thailand and initially announced in Q1 2021 with an estimated completion in Q4 2024. The Astana Mtrs – Almaty Vehicle Manufacturing Plant – Almaty Qalasy project was the second-largest project with a project value of $217 million, on which construction work started in Q4 2022. The Astana Mtrs – Almaty Vehicle Manufacturing Plant – Almaty Qalasy project is located in Almaty, Kazakhstan and initially announced in Q1 2021 with an estimated completion in Q4 2024.
The Al Dahiya RE – Hagerstown Railcar Factory – Maryland project was the third-largest project, the Orange EV – Kansas City Headquarters and Manufacturing Center – Kansas was the fourth-largest project, and the Bharat Alt Fuel – Krishnagiri EV Manufacturing Plant – Tamil Nadu was the fifth-largest project with a project value of $70 million, $50 million and $32 million respectively. The Al Dahiya RE – Hagerstown Railcar Factory – Maryland project located in Hagerstown, United States was announced in Q1 2022 with an estimated completion in Q1 2024, the Orange EV – Kansas City Headquarters and Manufacturing Center – Kansas project located in Kansas City, United States was announced in Q1 2022 with an estimated completion in Q2 2023 and the Bharat Alt Fuel – Krishnagiri EV Manufacturing Plant – Tamil Nadu project located in Krishnagiri, India was announced in Q1 2022 with an estimated completion in Q4 2025.
Among the five largest projects, the Bharat Alt Fuel – Krishnagiri EV Manufacturing Plant – Tamil Nadu project is the longest in terms of completion date, with construction expected to be completed in Q4 2025. On the other hand, the Orange EV – Kansas City Headquarters and Manufacturing Center – Kansas project is the shortest in terms of completion date, with construction expected to be completed in Q2 2023.
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