BYD inaugurated its Thailand plant, marking milestones in new energy vehicle production with an annual capacity of 150,000 vehicles and creating 10,000 jobs, emphasizing its global expansion and technological innovation.
Inauguration of Thailand Plant
BYD celebrated the inauguration of its Thailand plant in Rayong and the production of its 8 millionth new energy vehicle. The facility, completed in just 16 months, has an annual capacity of 150,000 vehicles and is expected to create 10,000 jobs. The company unveiled the Dolphin model as the milestone vehicle and received praise for driving the development of the new energy vehicle industry in Thailand and across ASEAN.
Global Expansion and Achievements
With a presence in 88 countries and regions, BYD has seen significant growth, achieving a 337% year-on-year increase in exports in 2023. In the first half of this year, BYD sold 1.607 million new energy vehicles globally, with over 203,000 exported—a 173.8% increase year-on-year. The company aims to launch more pure electric and plug-in hybrid models in Thailand, leveraging advanced technology to meet diverse consumer needs worldwide.
BYD’s new automotive plant in Thailand is poised to bolster the company’s position in the global electric vehicle market. The state-of-the-art facility, capable of producing 150,000 vehicles annually, marks a significant milestone for BYD, reaffirming its commitment to expanding its footprint in Southeast Asia and catering to the region’s growing demand for electric vehicles.
The strategic location in Thailand, a burgeoning hub for the automotive industry, offers BYD various logistical advantages, including proximity to key markets and access to an established network of suppliers and skilled labor. This move aligns with Thailand’s ambitious goal to become a major player in the electric vehicle manufacturing space, supported by favorable government policies and incentives designed to attract foreign investment and drive technological innovation.
Equipped with advanced manufacturing technologies and robotics, BYD’s Thai plant is designed to ensure efficiency, quality, and sustainability in vehicle production. The facility incorporates smart production lines and automated systems that reduce manual labor and enhance precision. This combination of cutting-edge technology and BYD’s expertise in battery manufacturing will enable the company to produce a wide range of electric vehicles, from compact cars to SUVs, tailored to the varying needs of consumers in the region.
BYD’s expansion into Thailand also underscores the broader shift towards green energy solutions in the automotive industry. With increasing concerns over climate change and fossil fuel dependence, the company’s efforts in promoting electric vehicles are timely and significant. The new plant will not only create job opportunities but also contribute to reducing carbon emissions through the production of eco-friendly vehicles.
Furthermore, BYD’s local presence is expected to spur collaborations with Thai research institutions and universities, fostering innovation and knowledge transfer in electric vehicle technologies. By deepening its roots in Thailand, BYD is not only expanding its market reach but also paving the way for sustainable, environmentally-friendly transportation solutions in Southeast Asia and beyond.
Source : BYD celebrates opening of Thailand plant with annual capacity of 150,000 vehicles
