- The Seal 5 DM-i is BYD‘s fourth model produced at its Thai factory and the first right-hand drive model produced at the facility.
- The Seal 5 DM-i is known as the Chaser 05 in China and sold 10,303 units in July.
BYD (HKG: 1211, OTCMKTS: BYDDY) has launched the locally produced Seal 5 DM-i in Thailand, which is known as the Chaser 05 in China, further expanding its product lineup in the Southeast Asian market.
The Seal 5 DM-i was launched in Thailand on August 8, marking the fourth model produced locally by the Chinese new energy vehicle (NEV) manufacturer in Thailand and the first right-hand drive model produced at BYD’s Thailand factory.
The model is available in two variants in Thailand: Premium and Standard. The starting price for the Premium variant is 769,900 Thai baht (about 23,730 $), with a limited-time promotional price of 699,900 Thai baht.
The price for the Standard variant has not yet been announced and will be determined after competitors set their prices.
The Seal 5 DM-i’s production at the Rayong plant marks BYD’s recognition and confidence in Thailand’s manufacturing capabilities, said Ke Yubin, general manager of BYD Thailand.
To date, BYD has sold over 90,000 vehicles in Thailand, according to a statement released by the company today.
BYD is driving the development of Thailand’s NEV industry and will create over 9,000 local jobs, the company said.
BYD officially entered the Thai market in 2022, initially selling vehicles in the Southeast Asian country through imports.
On March 10, 2023, BYD began construction of its factory in Thailand.
On July 4, 2024, the factory began production and saw the first BYD vehicle manufactured in Thailand roll off the assembly line, which was also BYD’s 8 millionth vehicle globally.
Last month, on the first anniversary of the Thai factory’s operation, the first batch of mass-produced Seal 5 DM-i vehicles rolled off the assembly line at the factory.
BYD sold 344,296 NEVs in July, up 0.56 percent year-on-year but down 10.01 percent from June, according to data released by the company earlier this month.
In July, BYD sold 10,303 units of the Chaser 05, down 59.69 percent year-on-year and 12.94 percent month-on-month.
BYD sold 80,737 vehicles overseas in July, up 169.00 percent year-on-year but down 10.34 percent month-on-month.
($1 = THB 32.44)
