2024-07-10 22:24:20
The Chinese giant of BYD electric vehicles yesterday inaugurated a plant in Thailandthus continuing its international expansion despite the market slowdown.
The plant in Rayongan industrial zone southeast of Bangkok, will be able to manufacture up to 150 thousand vehicles a year, said the company that dominates the Chinese market.
Wang ChuanfuCEO of BYD, based in Shenzhen, He said production would initially focus on fully electric vehicles and would later expand to include plug-in hybrids, which combine a conventional engine with an electric one.
“The plant of THAILAND WORLD “It has an annual capacity of 150,000 vehicles, including the four main production processes of vehicles and parts, and will create about 10,000 jobs,” Wang said at the opening ceremony.
In the fourth quarter of 2023, BYD surpassed Tesla and became the world leader in electric vehicles, although the company Elon Musk returned to first place in the first quarter of this year.
BYD would be looking to install a plant in Mexico, after its rapid progress and positioning, but it has not yet planned where it can be installed.
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2024-07-10 22:24:20