BYD Thailand plant opens as its 8 millionth NEV rolls off line

BYD today celebrated the completion of its Thailand plant and the rollout of its 8 millionth new energy vehicle (NEV), marking another milestone in the history of the Chinese NEV giant.

BYD officially entered the Thai market in 2022 and now has a 41% share of the local NEV market, said Wang Chuanfu, the company's chairman and president, at a celebration ceremony today.

Since Jan 2023, BYD has ranked as the top seller of NEVs in Thailand for 18 consecutive months and has a high level of recognition in the country, Wang added.

BYD currently has 115 sales outlets in Thailand, said Liu Xueliang, general manager of the NEV maker's Asia Pacific auto sales division.

BYD entered the automotive industry in 2003, and in 2008 it sold its first NEV. It currently sells dozens of models in China.

On May 19, 2021, BYD saw its one millionth NEV roll off the production line, making it the first Chinese automaker to reach that milestone in the NEV segment.

On Aug 9, 2023, BYD saw its 5 millionth NEV roll off the line. On Nov 24, 2023, BYD saw its 6 millionth NEV roll off the line.