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  1. #1
    Thailand Expat tomcat's Avatar
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    Electrifying News

    China’s BYD Signs Deal to Build First EV Plant in Thailand


    • Thai plant will be Chinese EV maker’s first in Southeast Asia
    • Land deal follows partnership with local distributor


    By Patpicha Tanakasempipat (Bloomberg)

    September 8, 2022 at 10:38 AM GMT+7Updated on September 8, 2022 at 11:35 AM GMT+7

    Chinese electric-car maker BYD Co. signed a land purchase deal Thursday with WHA Corp., Thailand’s largest industrial-estates developer, to build its first electric vehicle production plant in Southeast Asia.

    The plant is expected to start operation in 2024 and have annual capacity of 150,000 vehicles, mostly for export to Southeast Asia and Europe, the companies said in a joint statement.

    The deal follows BYD’s partnership with local distributor Rever Automotive Co., which announced last month it will start selling BYD cars in several dealerships across Thailand by the end of 2022. BYD has announced its entry to several overseas markets in recent months, including Denmark, Germany, Israel, Japan and Cambodia.

    The site covers 96 hectares (237 acres) at WHA’s Rayong 36 Industrial Estate. WHA’s said the deal is its “most significant” in 20 years, with Chief Executive Officer Jareeporn Jarukornsakul adding the developer plans to launch phase two of the Rayong Estate in anticipation BYD’s presence will spur other EV investments.

    “More EV supply chain will follow BYD here,” she said.

    BYD plans to invest about 30 billion baht in production of electric vehicles, according to Thailand’s Eastern Economic Corridor Office. Thailand’s Board of Investment last month approved BYD’s 18 billion baht plan to manufacture battery-powered vehicles and plug-in hybrid electric vehicles in the country.

    The Chinese EV maker, backed by Warren Buffett’s Berkshire Hathaway Inc., is among the latest companies to take advantage of the Thai government’s tax incentives, a key part of a plan to make Thailand -- a longstanding auto manufacturing powerhouse -- become the EV production hub of Southeast Asia. The Thai government earlier this year allocated about 43 billion baht through 2025 to promote the use of EVs as part of the effort.


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  2. #2
    Thailand Expat OhOh's Avatar
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    Excellent news for both partners.

  3. #3
    Thailand Expat harrybarracuda's Avatar
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    plan to manufacture battery-powered vehicles and plug-in hybrid electric vehicles in the country.
    So the battery ones aren't "plug-in".

    Bit of a c u n t having to change those every few days.

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