Etiqueta: thailand

The new factory would improve BYD’s access to the European Union, because Turkey has a customs-union agreement with the bloc.

China's BYD will acquire a 20% stake in its local distributor Rever Automotive in Thailand, its largest market outside of China where it is an electric vehicle market leader, the companies said Saturday. The Shenzhen-based automaker opened its first factory in Southeast Asia in Thailand this week. Rever Automotive, which has over 100 showrooms in Thailand, launched the sale of BYD vehicles in 2022 and BYD soon became the country's top-selling EV brand.

China's BYD acquires 20% stake in Thai dealer Rever Automotive

BYD is very serious about expanding into the international market, the latest Chinese manufacturer is rumored to have approached an agreement with the Turkish government to build a factory in the country.

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The new factory would improve BYD’s access to the European Union, because Turkey has a customs-union agreement with the bloc.

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Chinese electric vehicle maker BYD has opened its first EV factory in Southeast Asia in Thailand. The factory will have an initial production capacity of 150,000 vehicles per year. Thailand

Turkey will soon unveil an agreement with BYD Co. to construct a $1 billion plant in the west of the country, Turkish officials said, boosting the Chinese carmaker’s presence in Europe at a time of escalating trade tensions.

Chinese EV maker BYD is set to sign a $1 billion deal with Turkey for a manufacturing plant in Manisa province. President Recep Tayyip Erdogan will announce the agreement on Monday. The new facility aims to enhance BYD's access to the EU market.