BYD opens first Southeast Asia factory in Thailand

This Thai facility, announced two years prior with an investment of $490 million, has a projected production capacity of 150,000 vehicles per year, which includes plug-in hybrids

China's leading electric vehicle manufacturer, BYD, has inaugurated its first factory in Southeast Asia, located in Thailand, marking its expansion into the rapidly growing regional EV market where it has established dominance. The establishment of BYD's plant in Thailand is part of a broader movement of Chinese EV makers investing over $1.44 billion in the country, encouraged by government subsidies and tax incentives.