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BYD to kick off EV production at new Thailand plant in Q3 as overseas expansion accelerates

Baua Electric

MARCH 29, 2024

BYD Atto 3 production (Source: BYD) After beginning production at its Uzbekistan plant in January, BYD is building new facilities in Hungary and Brazil as it expands the brand overseas. According to the Federation of Thai Industries , ICE car production fell 95% year over year in January, while EV production skyrocketed 9,214%.

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Thailand BYD Production Uzbekistan 52
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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

MAY 7, 2024

Chinese car makers can undercut rivals in Europe because their production costs are heavily subsidised. The year 2023 was the first in which China’s New Energy Vehicle (NEV) 3 industry ran without support from national subsidies for EV purchases, which have facilitated expansion of the market for more than a decade. million were EVs.

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Costa Rica Cars Brazil Thailand 52
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