BYD plans to start building a new electric vehicle factory in Thailand, which is anticipated to have a production capacity of 150,000 vehicles with right-hand drive. Around the same time, BYD produced its 10,000th Atto 3 SUV, also sold in Australia.
It’s a significant achievement for the New Energy Vehicle (NEV) brand since it hopes to establish a dominant role in right-hand-drive markets like Australia, New Zealand, the United Kingdom, and Thailand.
BYD to produce 150,000 EVs in their new plant
The company held the event to break ground one week ago at the WHA Rayong 36 Industrial Estate location. It is situated approximately 160 kilometers southeast of Bangkok.
The news comes after BYD revealed in January that 10,000 electric vehicles had been exported from China to Thailand. Customers in Thailand have now received all of these items that were delivered to them.
It is anticipated that production will begin at the plant in 2024, with an annual output of 150,000 electric vehicles.
The latest production plant is an essential part of Thailand’s larger effort to become a production hub in Asia for EVs.
Following its debut in Australia in August of last year, the Atto 3 has rapidly expanded into several new markets, the most recent of which was the right-hand-drive United Kingdom, where it was recently introduced.
Whereas thousands of outstanding deliveries have yet to be delivered, and the demand for affordable electric vehicles is rising, BYD is focusing on reaching the milestone of 10,000 deliveries in Australia in 2023.
BYD strives for global expansion
It is an exciting period for the brand as it keeps striving for global expansion. At the same time, there are signs that a slowdown in the domestic market is starting to emerge in China. A brief comparison by Huff on Twitter highlighted the decrease in activity over the past three weeks.
A similar table also showcases other electric vehicle brands’ local insurance registrations. Tesla is leading week after week as it concentrates on local production for most of March.
The pursuit of new markets and additional products will, in addition, relieve some of the decline in demand in the domestic market.
More reasonably priced electric vehicles, such as the Atto 3 and the Dolphin hatchback, are thriving in many of these new regions.
The Driven reports the urgent need to get more internal combustion engine (ICE) vehicles off the road. A plant in Thailand that caters exclusively to right-hand-drive markets like Australia, New Zealand, and the UK would help increase supply. That would ultimately lead to an increase in the overall adoption of electric vehicles, which would end the use of internal combustion engine vehicles for hundreds of thousands of drivers in our part of the globe.
See Also:
- BYD Australia eliminates Atto 3 warranty, reveals high servicing costs than some EV rivals
- Australian supplied BYD Atto 3 given five-star ANCAP safety rating
- BYD EV sales broke its highest record in August as Australian deliveries begin
- Australia’s EV market is growing with more affordable models
- Light EV fleet surged to 83,000 units in Australia in 2022; BEVs accounted for 79%
