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

Baua Electric

Leading EV maker BYD is quickly expanding overseas after dominating its home market. BYD is now set to begin production at its new EV plant in Thailand in the third quarter as it looks to accelerate overseas sales. The fully electric BYD Atto 3 SUV was the top-selling electric model, with over 19,200 units delivered.

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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

These trends indicate that growth remains robust as electric car markets mature. Battery electric cars accounted for 70% of the electric car stock in 2023, states the IEA annual report of the EV global parc. However, sales remain limited elsewhere, even in countries with developed car markets such as Japan and India.