China's BYD opens EV factory in Thailand, first in Southeast Asia
How much did BYD invest in their Thailand EV facility?
BYD invested approximately $490 million in their Thailand EV facility, which has an annual production capacity of 150,000 vehicles. This investment is part of a larger wave of investment from Chinese EV makers in Thailand, totaling over $1.44 billion.
What is the production capacity of BYD's new Thai factory?
The production capacity of BYD's new Thai factory is 150,000 vehicles per year. Located in the eastern province of Rayong, the facility will produce several BYD models, as well as batteries and transmissions. The factory is part of a wave of investment from Chinese EV makers in Thailand, totaling over $1.44 billion.
When did BYD open its electric vehicle plant in Thailand?
BYD opened its first electric vehicle plant in Thailand on July 4, 2024. This factory, located in Rayong, is part of the company's expansion into Southeast Asia and will produce 150,000 vehicles per year, including plug-in hybrids. The plant will also assemble batteries and other important parts.