Chinese electric car giant BYD plans to build a factory in Thailand - 12 septembrie 2022
BYD has purchased a 96 hectare piece of land in Rayong, Thailand’s auto hub that’s south of Pattaya. The Chinese electric vehicle (EV) specialist will set up an EV factory in the eastern province, and the facility is expected to roll out 150,000 cars a year from 2024.
BYD announced this last week in a joint statement with WHA Group, a Thai industrial developer. The Rayong factory is set to be a big export hub to ASEAN and beyond for the Warren Buffett-backed company. Of the total annual output of 150k, only 10,000 units are earmarked for domestic sales, with the rest going to ASEAN and European markets.
(DE.BY6)