BYD opens first electric vehicle plant in southeast Asia, choosing Thailand as key production hub

BYD opens first electric vehicle plant in southeast Asia, choosing Thailand as key production hub
BYD opens first electric vehicle plant in southeast Asia, choosing Thailand as key production hub

Hello and welcome to the details of BYD opens first electric vehicle plant in southeast Asia, choosing Thailand as key production hub and now with the details

Nevin Al Sukari - Sana'a - The BYD logos displayed at the 45th Bangkok International Motor Show in Bangkok, Thailand, March 25, 2024. —Reuters pic

RAYONG, July 4 — 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 many other countries,” Narit Therdsteerasukdi, Secretary General of Thailand’s Board of Investment said at the opening ceremony, referring to the 10-nation Southeast Asian bloc.

The facility, announced two years ago, is worth $490 million and will have a production capacity of 150,000 vehicles per year.

The factory is located in an industrial estate in Thailand’s eastern Rayong province. — Reuters

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