Chinese company BYD to open first electric car plant in Thailand to capture ASEAN and European markets After the Chinese company signed a contract with real estate company WHA of Thailand and after announcing a partnership with local distributor Rever Automotive.
The electric car plant will be built on a 96-hectare site in WHA's industrial park in Rayong province, with operations scheduled for 2024 with a production capacity of 150,000 units per year.
It should be noted that BYD has announced that it will start importing its electric vehicles to foreign markets such as Denmark, Germany, Israel, Japan and Cambodia.
Jareeporn Jarukornsalkul, CEO of WHA, expressed confidence that BYD's plant presence would boost investment in electric vehicles in the future. The supplier of spare parts for electric vehicles will enter Thailand in a row.
Last month, the Investment Council of Thailand approved BYD's 18 billion baht investment project to produce electric vehicles and plug-in hybrids in the ASEAN country.
By: Ele
