Chinese electric vehicle giant BYD achieved its 8 millionth new energy vehicle (NEV) production milestone on Thursday in just three months since attaining the last million record.
BYD celebrates 8 million EV production
BYD proudly announced the production of its 8 millionth electric vehicle as it celebrated the inauguration of its new production hub in Thailand on July 4, 2024.
“On July 4th in Rayong, Thailand, BYD celebrated the inauguration of its Thailand plant and the roll-off of its 8 millionth new energy vehicle.”
BYD Global on X
The Jubilee electric vehicle is a blue BYD Dolphin hatchback, the top-selling BYD offering in Thailand.
Impressively, this significant achievement occurred just three months after the company recorded its 7 millionth production car at its Jinan factory in eastern China in March 2024.
It also had been only three years since BYD announced the production of its first million NEV in mid-2021.
BYD’s new Thai factory
According to BYD Global’s X post, the new local electric vehicle production plant in Thailand has an annual production capacity of 150,000 units.
The launch of the new Thai factory is part of BYD’s efforts to expand its footprint in Southeast Asia and Asia Pacific.
BYD founder and CEO Wang Chuanfu offered a speech at the opening ceremony, which featured three of the brand’s popular EVs in the country: the BYD Atto 3 SUV, the Dolphin hatchback, and the Seal sedan.
In hindsight, BYD kicked off the construction of the Thai factory in 2022. It formally launched the factory just below 2 years after that announcement.
The plant is expected to create more than 10,000 job opportunities in the region.
BYD poised for continued expansion
BYOD has undoubtedly emerged as one of the fastest-growing automakers in the world. In 2023, it sold more than 3 million electric vehicles.
The Chinese automaker continues to boost its production capacity at its existing production factories while establishing new facilities internationally.
BYD has achieved initial success in Southeast Asia’s second-largest economy, with NEV sales reaching 12,942 units from January to May 2024. It accounted for about 40% of the country’s thriving EV industry, Autolife Thailand’s data revealed.
In Australia, BYD has also enjoyed significant growth since it delivered its inaugural Atto 3 model in August 2022. It has sold more than 25,000 EVs in the Australian market so far, with the original Atto 3 leading the charge.
