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

Baua Electric

BYD brands at the Bangkok International Auto Show (Source: BYD) New EVs, including the Song Max, Sealion ( Sea Lion 07 in China), Song Plus (Seal U), Yangwang U9 supercar, and the Fang Cheng Boa 5, made their debut in Thailand. In response, Ford is shifting its plans to focus on smaller, more affordable EVs.

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

Baua Electric

In 2023, just under 60% of new electric car registrations were in the China, just under 25% in Europe, and 10% in the United States – corresponding to nearly 95% of global electric car sales combined. China exported over 1.2 million EVs in 2023 In China, the number of new electric car sales reached 8.1 China exported over 1.2