Nuovo Plus, a joint venture between Arun Plus and Global Power Synergy Plc, is forming a joint venture with Gotion Singapore to build a battery plant to supply electric vehicles and energy storage systems, the company announced.

Global Power Synergy’s (GPSC) revenue for the second quarter of 2019 soared 203 per cent year on year to Bt19.9 billion on the back of immediate gains from its acquisition of Glow.