BYD Will Build Electric Car Plant In Thailand via insideevs.com
The company has formally signed a contract with WHA Corporation Public Company Limited on land purchase and factory construction at WHA Rayong 36 Industrial Estate.
Thailand is described as the largest auto market in ASEAN and the auto manufacturing center in Southeast Asia, with strong EV ambitions. The factory is expected to start operation in 2024 with an annual production capacity of about 150,000 vehicles. EVs made in Thailand will be sold locally as well as exported to neighboring ASEAN countries and other areas .Liu Xueliang, General Manager of BYD Asia-Pacific Auto Sales Division, said:
“ Opening a new overseas passenger vehicle factory in the WHA Industrial Park marks a major step towards BYD’s global expansion. Thailand has a solid base in the automotive industry with first-class manufacturing capabilities so we chose to build a factory here after careful deliberation. We expect that Thai people can gain more access to enjoy green travels and eco-friendly life.”
Let's note also that earlier this year, BYD established a partnership with RÊVER, which will operate as the local distributor of BYD's plug-in cars in Thailand . The target sales for the first year of operation is set at over 10,000 units., the Thai government plans to increase the EV share in total vehicle production to 30% by 2030, making the country a New Energy Vehicle hub.