Milestone Achievement! BYD's Thailand Factory Completed, 8 Millionth New Energy Vehicle Rolls Off the Line
On July 4, BYD celebrated the completion of its Thailand factory in Rayong and the rollout of its 8 millionth new energy vehicle (NEV), marking a significant milestone in the company's global expansion. The event was attended by Thailand’s Minister of Industry, Pimpatra Wichaikul; China’s Ambassador to Thailand, Han Zhiqiang; and BYD's Chairman and President, Wang Chuanfu, among other distinguished guests.
Key Highlights of the Event:
Completion of BYD’s Thailand Factory:
1. The factory was constructed and became operational within just 16 months.
2. It has an annual production capacity of approximately 150,000 vehicles.
3. It features comprehensive manufacturing capabilities, including the four major vehicle production processes and a components factory.
Rollout of the 8 Millionth NEV:
1. BYD became the world's first automaker to reach the milestone of 8 million NEVs.
2. The Dolphin model was the vehicle to mark this milestone, showcased at the Thailand factory.
1. Minister Pimpatra Wichaikul commended BYD's contribution to the NEV sector, highlighting its role in advancing Thailand and ASEAN's NEV industry.
2. Ambassador Han Zhiqiang emphasized the importance of the milestone for China-Thailand cooperation in the NEV sector.
Statements from BYD Leadership:
1. Chairman Wang Chuanfu expressed gratitude for the support from both Chinese and Thai governments, as well as Thai customers and partners.
2. He noted that BYD quickly gained market recognition in Thailand, becoming a leader in pure electric vehicle sales within 18 months.
BYD's Global Expansion:
· Overseas Market Growth: In 2023, BYD exported 243,000 passenger cars, a year-on-year increase of 337%.
· First Half of 2024: NEV sales reached 1.607 million units, with overseas sales exceeding 203,000 units, a year-on-year growth of 173.8%.
· Global Presence: BYD NEVs are now available in 88 countries and regions, across over 400 cities. The company has established production bases in Brazil, Hungary, Uzbekistan, and more.
Future Prospects:
BYD is set to introduce more pure electric(BEV) and plug-in hybrid models(PHEV) in Thailand, integrating advanced NEV technology with the country's manufacturing capabilities. This expansion supports the transformation and upgrading of Thailand's automotive industry, contributing to the global green automotive revolution.
This milestone signifies not only BYD's leadership in the NEV market but also its commitment to sustainable development and innovation in the global automotive industry.