New Energy Vehicles Export Expo’s Post

BYD, China's EV giant, launches first Southeast Asian factory in Thailand Chinese automaker BYD has opened its first electric vehicle plant in Southeast Asia, located in Rayong, Thailand. The $490 million facility aims to produce 150,000 vehicles annually, including plug-in hybrids. This move aligns with Thailand's goal to convert 30% of its 2.5 million annual vehicle production to EVs by 2030. BYD CEO Wang Chuanfu emphasized bringing Chinese technology to Thailand, while Thai officials see this as an opportunity to become a regional EV production hub. The factory is part of a larger $1.44 billion investment wave from Chinese EV makers in Thailand, attracted by government incentives. As BYD expands its presence in the Thai market, where it already holds a 46% EV market share, it faces competition from other Chinese manufacturers and established Japanese automakers. Source: https://lnkd.in/gwDXhud4 #EVs #Thailand #BYD #AutoIndustry

Our new report uncovers how Chinese automakers are capitalizing on favorable regulations to dominate the electric vehicle sector in Indonesia. With a 42% market growth in 2024, brands like BYD, MG, and Neta are reshaping the competition. Will they continue their rapid expansion? Read now: https://hubs.li/Q02VY-jb0 #EV #Indonesia #AutomotiveTrends #EVInsights #Automotive

BYD, a prominent Electric Vehicle manufacturer, has established multiple factories around the globe to scale up its production capacity. The largest of these is located in China, where the company can produce an impressive 3,000,000 vehicles annually. This significant output serves as a foundation for BYD's ambitious plans to enhance its presence in the EV market. Internationally, BYD is expanding its manufacturing footprint with several factories in various countries. Notably, the factory in Cambará, Brazil, is poised to contribute 150,000 vehicles per year, with an estimated completion date in 2025. Additionally, the Subang factory in Indonesia is set to match this output, aimed for completion in 2026, while the factory in Rang, Thailand, will also produce 150,000 vehicles, with a similar timeline. Future expansions include facilities in Szeged, Hungary, and Jalisco, Mexico, where output capacities are yet to be determined, and completion is expected in 2027 and at an unspecified date, respectively. These developments indicate BYD's strategic efforts to enhance its global manufacturing capabilities and meet the growing demand for electric vehicles. Credits: Seasia Stats #BYD #EV #worldwide

Our new report uncovers how Chinese automakers are capitalizing on favorable regulations to dominate the electric vehicle sector in Indonesia. With a 42% market growth in 2024, brands like BYD, MG, and Neta are reshaping the competition. Will they continue their rapid expansion? Read now: https://hubs.li/Q02VY-jb0 #EV #Indonesia #AutomotiveTrends #EVInsights #Automotive

BYD's Right-Hand Drive Strategy Fuels Southeast Asian Success BYD, the Chinese electric vehicle giant, is making significant headway in Southeast Asian markets, particularly in Singapore and Malaysia. This success is largely attributed to the company’s swift adaptation to local requirements, according to Fortune. The Right-Hand Drive Advantage Jeffrey Gan, Managing Director for Southeast Asia at Sime Darby Motors, BYD’s distributor in the region, points out a crucial factor in BYD’s success: “They were one of the first Chinese brands that could [offer] right-hand drive for electric vehicles.” This adaptation has given BYD a competitive edge in markets like Singapore, Malaysia, and potentially other right-hand drive countries like Japan […] by Haye Kesteloo #ev #Australia #BYD #China #GM #Make #Nio #SEC #Tesla #Toyota #Xpeng

BYD has completed the acquisition of its German distribution partner. This vertical integration is part of BYD’s strategy to rapidly build market share. The company aims to secure 5% market share in Europe by 2026. It currently holds about 0.1%. At the same time, the company is powering forward with investments globally to build facilities in many other countries to locally manufacture for local markets. According to a recent report in Forbes, BYD is targeting for about 50% of its sales globally to be delivered by its manufacturing facilities across many nations. (See: https://lnkd.in/gNn2FCDv) The company is clearly undaunted by the EU’s punitive tariffs and given its relatively modest market share position, it is arguable that the EU has severely overreacted. #evs #byd #china #energytransition

The sound of engines vanishing in #Thailand by Nikkei Asia Film The "Detroit of Asia" and the Japanese automakers largely responsible for helping Thailand gain that nickname are at a major turning point now that #BYD and 19 other Chinese brands have shown up with electric vehicles, eroding the Japanese pioneers' share of the auto market and poaching their salespeople and factory workers. The arrival of such Chinese companies have restructured Thailand's auto industry. While Japanese automakers controlled nearly 90% of the Thai market for half a century, in 2023 Chinese companies like BYD began full-scale sales in the country, taking big bites out of the Japanese makers' fat slice of the market. 📖 Source https://lnkd.in/gNXSqJ67 #IONAXS #JONWAYEV #CleanMobility #eMobility #ElectricCars  #FutureMobility #Batteries #Automotive  #ElectricVehicles #AutonomousVehicles  #EV #Lithium #Innovation #Sustainability  #Recycling #Future #Energy #Efficiency #Technology #AVEVAI #TomTsogt 🔔

BYD Opens First EV Factory in Southeast Asia, Targeting Regional Growth #BYD #ElectricVehicles #Thailand #EVRevolution Thrilled to share that BYD has officially opened its first electric vehicle plant in Southeast Asia, located in Rayong, Thailand! 🇹🇭 This marks a significant step forward in BYD's global expansion and commitment to the rapidly growing EV market in the region. "Thailand has a clear vision for electric vehicles, and we're proud to be a part of this exciting new era in their auto industry," said BYD CEO and President Wang Chuanfu. This new facility will not only bring advanced EV technology to Thailand, but also serve as a production hub for exporting EVs to ASEAN countries and beyond. This $490 million investment boasts a production capacity of 150,000 vehicles annually, including both EVs and plug-in hybrids. With a focus on right-hand-drive vehicle production, this plant has the potential to strategically navigate trade barriers in other markets. We're excited to contribute to Thailand's ambitious goal of converting 30% of its annual vehicle production to electric by 2030. This is a win-win for BYD, Thailand, and the environment! #EVfuture #CleanTransportation Stay tuned for more updates on BYD's continued global expansion! BYD https://lnkd.in/gTjmGvVk

In a groundbreaking move that redefines the automotive landscape, BYD's launch of its inaugural electric vehicle plant in Thailand heralds a transformative era for the Southeast Asian market. This strategic expansion not only underscores BYD's commitment to innovation but also propels the region into the forefront of sustainable transportation solutions. As we ponder the ripple effects of this venture, two pivotal questions arise: - BYD's foray into Southeast Asia: Will it accelerate the adoption of electric vehicles and set new industry benchmarks? - The economic and environmental forecast for Thailand: Can this new EV plant be the catalyst for a greener economy and a sustainable future? The answers to these questions will undoubtedly sculpt the trajectory of regional transportation and economic prosperity. Let's engage in a thought-provoking dialogue about BYD's visionary leap into Southeast Asia. #ElectricVehicles #SustainableTransport #EconomicGrowth #BYD #Innovation #Asia Read more about BYD's expansion in Southeast Asia: [Link to the article](https://lnkd.in/gCJngt4C)

Manisa, a city in Türkiye’s Aegean region, is set to welcome over 3,000 Chinese families to support a new factory, with integration efforts underway between the local and central governments. This follows the EU’s 35% tariff on Chinese electric vehicles, prompting BYD to fast-track its investment in Türkiye. While Xi Jinping calls for stronger ties with Europe, Ursula von der Leyen warns of deindustrialisation risks linked to China’s subsidies. This Türkiye-China partnership could reshape global trade dynamics. Read my top story for The European Correspondent here: https://lnkd.in/dJ-dB8AW