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

Baua Electric

The fully electric BYD Atto 3 SUV was the top-selling electric model, with over 19,200 units delivered. The automaker solidified its commitment to the region as Thailand works toward its goal of having 30% of vehicles manufactured in the country to be electric. BYD was Thailand’s best-selling EV maker last year.

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

Baua Electric

Chinese car makers can undercut rivals in Europe because their production costs are heavily subsidised. million EVs in 2023 In China, the number of new electric car sales reached 8.1 As in many other countries in the region, foreign carmakers – especially Chinese – are increasingly entering the market. China exported over 1.2