The Thai seat plant is the first overseas factory built jointly by BYD and Forvia, which together have set up seven plants in China.
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Category: BYD Plant
BYD's Turkish plant has a planned annual capacity of 150,000 vehicles, and the signing was witnessed by the Turkish president.
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The industrial park, which is adjacent to the Xiaomo Port, has already put into production the first phase of components and the second phase of vehicles.
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BYD officially entered the Thai market in 2022 and now has a 41 percent share of the local NEV market.
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BYD just saw its 7 millionth NEV roll off the line on March 25.
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BYD plans to increase the number of its dealer stores in Brazil to 250 by the end of 2024.
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BYD plans to hold a groundbreaking ceremony for a factory in Indonesia this July, a senior local official said.
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The cost of building a Mexican plant could be around $600 million, similar to what BYD paid for its Brazilian EV plant, Bloomberg said, citing a person familiar with the matter.
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BYD's Brazilian production base complex will start production in late 2024 to early 2025, with an expected annual capacity of 150,000 vehicles per year in the first phase.
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BYD's plan is to build the facility for the Mexican market, not the export market, a company executive said.
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