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Thailand, the ‘Detroit of Southeast Asia’, is at the forefront of China’s battle for the global auto market Lionel Lim Updated December 4, 2024 at 2:51 PM
Apart from Thailand and China, BYD also has or is building factories in Brazil, Hungary and Uzbekistan. According to BYD, the Dolphin can run 490 kilometers (about 300 miles) on a single charge. During a recent auto show in Bangkok, models on display were priced at 859,999 baht ($23,700), though reports said BYD would be offering steep ...
Instead, BYD reduced the car's price by 140,000–160,000 baht on 1 July, causing the customer to experience "psychological distress". [333] [334] On 5 July, the issue was discussed by Thailand Prime Minister Srettha Thavisin and BYD CEO Wang Chuanfu shortly after they both opened the BYD Thailand manufacturing plant. Wang promised to resolve ...
(BYD even lowered the starting price of the vehicle by 5% earlier this month, down from a roughly $11,000 price earlier this year.) ... as it has its eyes set on factories in Thailand, Brazil ...
BYD ended production of purely internal combustion engined cars in March 2022. BYD's automotive business constitutes the majority of BYD's revenue. In 2023, BYD reported a revenue of around CN¥483.4 billion from automotive and related products, a year-on-year increase of 48.9% and accounted for 80.27% of BYD's total revenue. [57]
In mid-2024, the plug-in hybrid model was introduced in Australia, New Zealand, the Philippines and Thailand as the BYD Sealion 6 DM-i. [7] [8] As of 2024, the Song Plus is the best-selling BYD SUV in China. Global cumulative production of the model (excluding the ICE-powered variant) surpassed 1 million units by July 2024. [9]
The company is investing in production facilities in Hungary and Thailand, ... claimed the new Indonesia factory would eventually have a production capacity of 150,000 vehicles. BYD's president ...
A BYD production facility in Mexico could lower the cost of trying to sell to the U.S. market. ... The EV giant has already announced plants in Thailand, Indonesia, Brazil and Hungary. And now BYD ...