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RAYONG, Thailand (Reuters) – China’s BYD (SZ:) opened its first electrical car plant in Thailand on Thursday, the auto maker’s first in Southeast Asia.
“BYD is utilizing Thailand as a manufacturing hub for export to ASEAN and plenty of different nations,” Narit Therdsteerasukdi, Secretary Normal of Thailand’s Board of Funding stated on the opening ceremony, referring to the 10-nation Southeast Asian bloc.
The ability, introduced two years in the past, is value $490 million and could have a manufacturing capability of 150,000 autos per yr.
The manufacturing unit is positioned in an industrial property in Thailand’s jap Rayong province.
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