Tag: BYD

The emergence of DeepSeek, a Chinese AI startup, has sparked a re-rating of Chinese stocks and a shift in investor sentiment towards Chinese tech companies.

Thailand's electric vehicle sales are expected to increase by 40% in 2025, driven by production requirements and government subsidies.

Thailand's auto market faced significant challenges in January-October 2024, with 476,350 units sold, a 26.2% decline. BYD was the only major automaker to see growth, selling 23,532 units.

Thailand’s vehicle production is forecasted to hit just 1.5 million units in 2024, marking the lowest output since the pandemic-disrupted year of 2021. 

The Thailand plant, completed in just 16 months, has an annual capacity of 150,000 vehicles and is expected to generate 10,000 jobs, signifying BYD's commitment to driving the development of the new energy vehicle industry in Thailand and across ASEAN.

Tesla is in talks with the Thai government to build a new factory for manufacturing and exporting electric vehicles, as part of its expansion plans in Thailand.

Chinese car manufacturer BYD is expanding further into Southeast Asia, as its exclusive distributor in Thailand aims to increase the number of dealerships in the country threefold within the next two years.