Etiqueta: thailand

Has an annual capacity of 150,000 vehicles

BANGKOK (AFP) – China’s electric vehicle giant BYD opened a factory in Thailand on Thursday, continuing its international expansion despite a market slowdown and hours before the European Union was due to impose swingeing tariffs on Chinese EV firms. The plant in Rayong, an industrial area southeast of Bangkok, will be able to build up […]

A Thai BYD car owner shared a clip of him scribbling words on his own car after the company slashed prices shortly after his purchase.

Electric Vehicle automakers are witnessing turbulent times as price wars cripple profits. To offset losses, companies are looking to expand to regional markets of Southeast Asia. BYD becomes the latest EV company to open an EV factory in Thailand, marking its first expansion in Southeast Asia. Earlier, South Korea's Hyundai Motor Group and LG Energy Solution inaugurated Indonesia's first battery cell plant for EVs with an annual capacity of 10 Gigawatt hours (GWh) of battery cells.

BYD officially entered the Thai market in 2022 and now has a 41 percent share of the local NEV market.

China's electric vehicle giant BYD opened a factory in Thailand on Thursday, continuing its international expansion despite a market slowdown and hours before the European Union was due to impose swingeing…

China's BYD opened its first electric vehicle plant in Thailand on Thursday, the auto maker's first in Southeast Asia. "China's BYD is using Thailand as a production hub for export to ASEAN and many other countries," Narit Therdsteerasukdi, Secretary General of Thailand'

China's BYD opens EV factory in Thailand, first in Southeast Asia

China's BYD opened its first electric vehicle plant in Thailand on Thursday, the auto maker's first in Southeast Asia. BYD is using Thailand as a production hub for export to ASEAN and...

We expect BYD to significantly expand its market share in the foreseeable future. Read more to see our analysis of BYDDF stock and why it is rated as a Sell.