BYD opens EV plant in Thailand - Breaking The News

BYD opens EV plant in Thailand

4 July

1 min read

EPA-EFE/ANDRES MARTINEZ CASARES

BYD Company Limited, the Shenzen-based car company, launched its first-ever electric vehicle factory in Southeast Asia, China's Securities Times reported on Thursday.

"Today, one out of every three electric vehicles sold in Thailand is a BYD," Chairman Wang Chuanfu said during the opening ceremony, adding that between 2021 and 2023, the sales of electric vehicles in Thailand jumped nearly 40%.

The plant, located in Thailand's eastern Rayong province, has an estimated value of $490 million and a production capacity of 150,000 cars annually.

auto industry electric vehicles byd

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