BYD celebrates opening of Thailand plant with annual capacity of 150,000 vehicles – Thailand Business News

BYD celebrated the inauguration of its Thailand plant and the production of its 8 millionth new energy vehicle in Rayong, Thailand. The facility has an annual capacity of 150,000 vehicles and is expected to create 10,000 jobs.

Key Takeaways

• BYD inaugurated its Thailand plant marking significant milestones in the global expansion of the company’s new energy vehicle industry.
• The Thailand plant, completed in just 16 months, has an annual capacity of 150,000 vehicles and is expected to generate 10,000 jobs, signifying BYD’s commitment to driving the development of the new energy vehicle industry in Thailand and across ASEAN.
• With a strong global presence in 88 countries and regions, BYD aims to continue expanding its market presence and production capacity, leveraging advanced technology and innovative products to meet the diverse needs of consumers worldwide.

The company unveiled the Dolphin model as the 8 millionth new energy vehicle. BYD’s investment in Thailand is praised for driving the development of the new energy vehicle industry in Thailand and across ASEAN.

The company has seen significant growth in global exports and aims to launch more pure electric and plug-in hybrid models in Thailand. BYD is a leading global provider of new energy vehicles with a presence in 88 countries and regions. With a focus on innovative technology and global expansion, BYD aims to strengthen its position as a leader in the global new energy vehicle market.

BYD, the global leader in new energy vehicles, has seen a significant increase in overseas presence. In 2023, it achieved a 337% year-on-year increase in exports, reaching 243,000 vehicles. In the first half of this year, BYD sold 1.607 million new energy vehicles globally, a 28% year-on-year increase. Over 203,000 of these were exported, showing a 173.8% year-on-year growth. Currently, BYD’s new energy vehicles are present in 88 countries and regions worldwide, with passenger car production bases established in Thailand, Brazil, Hungary, and Uzbekistan.