BYD opens EV factory in Thailand, first in S-E Asia

BYD’s plant is part of a wave of investment worth over US$1.44bil from Chinese EV makers who are setting up factories in Thailand, helped by government subsidies and tax incentives. — Reuters

RAYONG: China’s BYD opened an electric vehicle plant in Thailand yesterday – the auto maker’s first factory in South-East Asia, a fast-growing regional electric vehicle (EV) market where it has become the dominant player.

“Thailand has a clear EV vision and is entering a new era of auto manufacturing,” BYD CEO and president Wang Chuanfu said at the opening ceremony.