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Bangkok Post
Bangkok Post
Business

China’s BYD signs land deal to build first EV plant in Thailand

A BYD Co showroom in Shanghai, China, on Aug 31, 2022. (Photo: Bloomberg)

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 (EV) 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. 

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