BYD Lights Up Southeast Asia: First Electric Vehicle Plant in Thailand

China's BYD inaugurated its first electric vehicle plant in Thailand, marking its debut in Southeast Asia. Valued at $490 million, this facility aims to produce 150,000 vehicles annually. Thailand will serve as a central production hub for BYD's export to ASEAN nations and beyond.

China's BYD opened its first electric vehicle plant in Thailand on Thursday, the auto maker's first in Southeast Asia. "BYD is using Thailand as a production hub for export to ASEAN and many other countries," Narit Therdsteerasukdi, Secretary General of Thailand's Board of Investment said at the opening ceremony, referring to the 10-nation Southeast Asian bloc.

The facility, announced two years ago, is worth $490 million and will have a production capacity of 150,000 vehicles per year. The factory is located in an industrial estate in Thailand's eastern Rayong province.