BYD Begins EV Exports from Thailand to European Markets

BYD announced Monday its first electric vehicle exports from Thailand to Europe. A shipment of more than 900 Dolphin hatchbacks departed for destinations including the United Kingdom, Germany, and Belgium.

Credit: BYD

This move follows the opening of BYD's first overseas passenger car plant in Rayong, Thailand, just one year ago. The facility has an annual production capacity of 150,000 electric vehicles.

Ke Yubin, general manager of BYD Thailand, stated that the initiative marks another step in BYD’s globalisation strategy. He also highlighted Thailand’s significant role in the global electric vehicle supply chain.

Credit: BYD

Thailand offers various incentives to overseas automakers, such as 0% import duty, tax cuts, and direct subsidies for electric vehicle imports. However, companies must offset these imports with domestic production, which includes vehicles made for export.

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• BYD has initiated its first electric vehicle exports from Thailand to Europe.

• Over 900 Dolphin hatchbacks were shipped to the United Kingdom, Germany, and Belgium.

• BYD's Thai plant, operational for one year, has an annual production capacity of 150,000 EVs.

Source: TECHNODE