The company intends to start EV production in 2024.

byd will build electric car plant in thailand

BYD announced that its first electric car manufacturing plant outside of China will be located in Thailand.

The company has formally signed a contract with WHA Corporation Public Company Limited on land purchase (96 hectares or 237 acres) 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 (BEVs and maybe PHEVs) made in Thailand will be sold locally as well as exported to neighboring ASEAN countries and other areas (potentially including Europe, according to WHA’s press release).

That’s a pretty interesting move, especially since so far BYD’s EV sales were highly focused on China.

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  (currently imported from China). The target sales for the first year of operation is set at over 10,000 units.

According to CnEVPost, 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.

Before even the new plant in Thailand is ready, BYD might increase its plug-in electric car sales to 4 million units in 2023 (globally). The company is ramping-up exports and hopes to successfully launch a few new models in Europe (besides Norway). The launch in North America is not certain, especially after the changes applied to the federal tax credit incentive.

Keyword: BYD Will Build Electric Car Plant In Thailand

CAR'S NEWS RELATED

All You Need To Know About The Upcoming BYD Atto 3 Electric SUV

Launch Date Battery Pack Thoughts About The Upcoming BYD Atto 3 Electric SUV The electric four-wheeler market is gradually increasing its market share in the country and the Chinese automaker BYD is looking forward to launching the Atto 3 electric SUV in India. Here’s everything you need to know ...

View more: All You Need To Know About The Upcoming BYD Atto 3 Electric SUV

BYD Atto 3 electric SUV spotted in India ahead of launch

The BYD Atto 3 will be assembled in India from semi-knocked down kits (SKD). The BYD Atto 3 electric SUV has been spotted in India ahead of its launch. The car is expected to go on sale next month. The Atto 3 features sleek twin-pod LED headlamps with a ...

View more: BYD Atto 3 electric SUV spotted in India ahead of launch

New BYD Atto 3 Electric SUV Spied Undisguised Ahead Of Launch

Based on BYD’s advanced E platform that’s engineered to challenge the likes of Tesla, Atto 3 is expected to have better drive dynamics than rivals New BYD Atto 3 Electric SUV Spied BYD Mumbai showroom launched Based on BYD’s advanced E platform that’s engineered to challenge the likes of ...

View more: New BYD Atto 3 Electric SUV Spied Undisguised Ahead Of Launch

2023 BYD Atto 3 review: Everything you need to know

Things we like Not so much Things we like Not so much Still, at $44,381 before on-road costs for the standard battery version, the BYD is easily one of the most attainable new EVs on the market. How much is it and what do you get? In the BYD’s ...

View more: 2023 BYD Atto 3 review: Everything you need to know

BYD Atto 3: Budget-friendly compact SUV set to disrupt EV market

Atto 3 interior. Source: BYD BYD may be a new name to drivers in Australia, but its Atto 3 has attracted plenty of attention from those waiting for more affordable electric cars in a market where both choice and price have been factors in holding back adoption. An acronym ...

View more: BYD Atto 3: Budget-friendly compact SUV set to disrupt EV market

The Driven Podcast: First look at the BYD Atto 3 electric compact SUV

BYD Atto 3. Image: Bridie Schmidt We take a ride in the new all-electric Atto 3 compact SUV from BYD and talk to distributor EV Direct’s chief of strategy, Troy Todd. You can find previous episodes of The Driven here, or on your favourite podcast platform. The Driven · ...

View more: The Driven Podcast: First look at the BYD Atto 3 electric compact SUV

BYD Atto 3 Euro NCAP testing results only weeks away

Euro NCAP Results only weeks away ANCAP results to cause a big shift in demand and EV uptake Source: Euro NCAP BYD Atto 3 has been one of Australia’s most highly anticipated EVs this year. As these popular ground-up EVs start to roll out to local customers and in ...

View more: BYD Atto 3 Euro NCAP testing results only weeks away

EVs Hit 10 Percent Of Global New Car Sales, BYD And Tesla Lead

September may mark the first time plug-in vehicle registrations will reach one million units.

View more: EVs Hit 10 Percent Of Global New Car Sales, BYD And Tesla Lead

BYD Atto 3 Electric SUV Likely To Be Offered With 2 Battery Pack Options - Brochure Leaked

Upcoming BYD Electric SUV Brochure Leaks – 480 Kms Range, ADAS

Chinese carmaker BYD to build Thai electric vehicle plant

BYD Atto 3 warranty period cut is early setback to overseas ambitions

BYD Atto 3 electric SUV features & technical details out

Electric Car Sales Aug 2022 – Tata, MG, Hyundai, Mahindra, BYD

450 BYD e6 Electric MUVs Sold Across India - 520km Range, 71.7kWh Battery Pack & More

Sime Darby Motors To Bring In BYD Into Malaysia?

Sime Darby in talks for BYD EV distributorship in Malaysia

Affordable EVs under RM 140k coming soon? BYD to enter Malaysia via Sime Darby Motors

BYD To Manufacture EVs In Thailand

BYD Atto 3 Electric SUV Officially Teased - Launch Soon

OTHER CAR NEWS

;
Breaking thailand news, thai news, thailand news Verified News Story Network