Rayong, Thailand – July 4, 2024: Chinese automaker BYD has officially opened its first Southeast Asia plant in Rayong, Thailand. The $490 million facility will produce 150,000 electric vehicles and plug-in hybrids annually, making it a major manufacturing hub for the Thai and Asian markets.
The opening of the plant marks a milestone for BYD as it expands its global presence and strives to become a leader in the EV industry. Thailand, with its growing demand for EVs and supportive government policies, presents an ideal opportunity for BYD.
“Thailand has a clear vision and is entering a new era of auto manufacturing,” said BYD Chairman and CEO Wang Chuanfu at the grand opening ceremony. “BYD is proud to be a part of this transformation and contribute to building a sustainable future for Thailand and Southeast Asia.”
The Rayong plant will manufacture a range of BYD models, including the popular Song and Han SUVs. BYD also plans to expand into neighboring ASEAN countries, using Thailand as a manufacturing and logistics hub.
The opening of the BYD plant is good news for the Thai automotive industry and reinforces the country’s position as a center for EV production in the region. The plant will bring new jobs and investment to Thailand and help the country achieve its emissions and green transportation goals.
Key takeaways:
- BYD has opened its first Southeast Asia plant in Rayong, Thailand.
- The plant will produce 150,000 electric vehicles and plug-in hybrids annually.
- Thailand is becoming a major manufacturing hub for BYD and the Asian EV market.
- The opening of the plant will bring new jobs and investment to Thailand.
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