China's BYD opens EV factory in Thailand, first in Southeast Asia
) opened an electric vehicle plant in Thailand on Thursday, the automaker's first factory in Southeast Asia, a fast-growing regional EV market where it has become the dominant player.
Hong Kong-listed shares of BYD, the world's largest EV maker, climbed 1.6% to HK$235, after hitting their highest levels in a week. "BYD is using Thailand as a production hub for export to ASEAN and many other countries," said Narit Therdsteerasukdi, secretary-general of Thailand's Board of Investment, referring to the 10-nation Southeast Asian bloc.
The right-hand-drive EVs manufactured at the plant will potentially allow BYD to circumvent EU tariffs, which are applicable to China-made vehicles.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's BYD inaugurates first plant in Thailand as it expands reach into Southeast AsiaChinese automaker BYD has inaugurated its first electric vehicle plant in Thailand, part of the company's effort to expand into Southeast Asia while also tackling wealthier markets in the U.S. and Europe.
Read more »
China's BYD inaugurates first plant in Thailand as it expands reach into Southeast AsiaChinese automaker BYD has inaugurated its first electric vehicle plant in Thailand, part of the company's effort to expand into Southeast Asia while also tackling wealthier markets in the U.S. and Europe.
Read more »
China's BYD inaugurates first plant in Thailand as it expands reach into Southeast AsiaChinese automaker BYD has inaugurated its first electric vehicle plant in Thailand, part of the company's effort to expand into Southeast Asia while also tackling wealthier markets in the U.S. and Europe.
Read more »
‘Monumental step forward’: Thailand to become first Southeast Asian nation to legalize same-sex marriageThailand will become the first nation in Southeast Asia to legalize same-sex marriage after the kingdom’s Senate approved a marriage equality bill on Tuesday, with supporters calling it a “monumental step forward for LGBTQ+ rights.”
Read more »
'Love Wins': Thailand Set to Be First Southeast Asian Nation to Legalize Same-Sex MarriageBrett Wilkins is a staff writer for Common Dreams.
Read more »