BYD to expand EV production for ASEAN, Euro exports

BYD has been stepping up its game big time, particularly with its electric vehicle (EV) models that are selling like hotcakes in China. With BYD’s strong momentum, the Chinese automaker showed that it is ready to further expand its EV portfolio in Southeast Asia with a new 96-hectare land for an EV plant in Rayong, Thailand.

BYD is growing its network in the ASEAN region

The new lot was purchased in agreement with the Land of the Smiles’ industrial estate developer, WHA Group. It is expected to produce 150,000 units per year starting in 2024. Not only are the exports bound for Southeast Asian countries but also the European market.

With that being said, the Chinese automaker should play a huge role in aiding Thailand’s goal of producing about 700,000 EVs by 2030, or about 30 percent. The new factory should also further grow BYD’s name in the EV segment. Besides, the automaker is already one of the best-selling in this market alongside the likes of Tesla and the Volkswagen Group.

BYD EVs use the e-Platform 3.0

In our previous report, Tesla tapped BYD to supply batteries for its models. Even Japanese automotive giant Toyota will reportedly launch EVs in partnership with the Chinese automaker. As such, the expansion to Southeast Asia seems to be the strategic move for the brand to reach more customers.

One of the models we can expect to see roll out in the new EV factory is the BYD Dolphin. It is an all-electric hatchback that offers a range from 301 km to 405 km, depending on the powertrain option. Like many BYD models, the Dolphin is underpinned by the brand’s e-Platform 3.0.

The new Thai EV factory is expected to strengthen the production of the automaker in the Philippines. BYD Philippines is offering four models, namely the Dolphin, Han, Tang, and T3. It will soon introduce the Song Plus and Atto 3.

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