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In the past two years, Chinese automakers including BYD, GAC Aion, and Chery have announced plans to build manufacturing facilities in Thailand. BYD’s and GAC Aion’s factories started ...
In Thailand, BYD operates a manufacturing plant located in the Eastern Economic Corridor (EEC) special zone in Rayong. Announced in 2023 and with an annual capacity of 150,000 vehicles, construction of the facility began in March of that year. The plant officially opened in July 2024, and was expected to employ 10,000 workers.
BYD was founded by Wang Chuanfu in February 1995 as a battery manufacturing company. BYD's largest subsidiary, BYD Auto, was founded in 2003 and has grown to become the world's largest manufacturer of plug-in electric vehicles. [14] Since 2009, BYD's automotive business has contributed over 50% of its revenue.
World's largest battery manufacturer Origins: Amperex Technology Limited. BYD / FinDreams: 111 / 115 GWh +58% 16% Shenzhen, Guangdong, China 1995 focuses on LFP battery production for battery storage power stations and has introduced a blade battery technology which makes the application reasonable in mid-to long range term electric vehicles [3]
In Asia, the company is eyeing a $1.3 billion investment to set up an electric vehicle factory in Indonesia, and is also expected to start production in Thailand this year.
The report, which lists policy recommendations to combat overcapacity and unfair trade practices, notes that BYD is building factories in Thailand and Hungary designed to be regional export hubs ...
BYD is now the world's largest EV maker, selling more battery-powered cars than Tesla in the final quarter of 2023. Yet most of the sales that took BYD to the top were in China.
As of 2019, the automotive industry in Thailand is the largest in Southeast Asia [1] and the 10th largest in the world. [ 2 ] [ 3 ] [ 4 ] The Thai industry has an annual output of more than two million vehicles (passenger cars and pickup trucks), more than countries such as Belgium , Canada , the United Kingdom , Italy , Czech Republic and Turkey .