BYD has inaugurated its new energy vehicle plant in Rayong, Thailand, which is capable of producing 150,000 vehicles annually.
Completed in just 16 months, the facility is expected to generate around 10,000 jobs.
“BYD’s investment in Thailand, along with its advanced production technology, will drive the development of the new energy vehicle industry in Thailand and across Asean,” said Pimphattra Wichaikul, Thailand’s Minister of Industry.
Wang Chuanfu, Chairman and President of BYD, is grateful to both governments, Thai customers, and partners for their strong support. He noted that BYD’s success in the Thai market, becoming the pure electric vehicle sales champion for 18 months within the past two years.
BYD accounts for one in every three electric vehicles sold in Thailand. The carmaker plans to launch more pure electric and plug-in hybrid models in Thailand.
In another development, BYD marked a historic milestone by unveiling the Dolphin model as its eight millionth new energy vehicle.
Entelechy Asia 