After 16 months of construction, BYD's Thailand factory was completed, and it also welcomed the rollout of its 800,000th vehicle.

On July 4th, BYD held a completion celebration in Rayong Province, Thailand, and announced that the 800,000th new energy vehicle officially rolled off the production line at the Thailand factory.

Pingpala Wicaikun, Minister of Industry of Thailand, Han Zhiqiang, Chinese Ambassador to Thailand, Narit Thosatipoon, Secretary-General of the Thailand Board of Investment, and Wang Chuanfu, Chairman and President of BYD, among other distinguished guests, attended the celebration ceremony.

The rapid completion of the Thailand factory not only demonstrates BYD's industry leadership but also highlights BYD's absolute advantage in the field of new energy vehicles. In his speech at the celebration, Wang Chuanfu specifically mentioned that the construction period of BYD's Thailand factory created the "BYD Speed," but BYD's goals go far beyond this.

In the future, BYD will launch more pure electric models in the Thai market and introduce plug-in hybrid models, perfectly combining Thailand's first-class automotive manufacturing capabilities with BYD's new energy technology to help the Thai automotive industry complete its transformation and upgrading.

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I. BYD Thailand Factory: Creating a new highland for ASEAN new energy vehicles.

In March 2023, BYD broke ground in Rayong Province, Thailand, and on July 4, 2024, the completion celebration of BYD's Thailand factory was successfully held. From the start of construction to completion, BYD only took 16 months, marking the smooth establishment of another overseas production base for BYD.

During this period, BYD's Thailand factory completed the construction of production lines for four major processes: stamping, welding, painting, and assembly, and was equipped with core component factories. The factory's annual production capacity can reach 150,000 vehicles, making it BYD's largest overseas production base outside of Shenzhen.

The completion of BYD's Thailand factory is of great significance to BYD. On the one hand, the production of the Thailand factory further improves BYD's global production capacity layout, providing strong support for the upcoming market expansion in South America, ASEAN, Australia, and Europe. On the other hand, the smooth completion of BYD's Thailand factory has also taken a big step towards the production of the 800,000th new energy vehicle.

On July 4th, a white Dolphin model slowly drove out of BYD's Thailand factory. It is not only the first new energy vehicle produced by BYD in Thailand but also the 800,000th new energy vehicle produced by BYD. With this, BYD has become the first car company in the world to break through 8 million new energy vehicle sales.II. BYD, the leader in new energy vehicles in ASEAN.

In her celebratory speech, Thailand's Minister of Industry, Pimpa La-Iad, highly praised BYD, representing the recognition of BYD by ASEAN countries. Minister Pimpa believes that as a global leader in the field of new energy vehicles, BYD's arrival will bring advanced new energy vehicle production technology to Thailand and even ASEAN countries, promoting the development of the new energy vehicle industry in ASEAN countries.

The Chinese Ambassador to Thailand, Han Zhiqiang, also emphasized the profound friendship between China and Thailand, which is closely linked and shares a common destiny. Ambassador Han believes that BYD's overseas expansion is a testament to the friendly relations between China and Thailand, and it is also the beginning of a mutually beneficial and win-win cooperation between the two countries in the field of new energy vehicles.

BYD's Chairman and President, Wang Chuanfu, expressed his sincere gratitude to the Thai government, Thai users, and partners in his speech. Wang Chuanfu said that in the Thai market, BYD has gained full market recognition in just two years. In the future, BYD will introduce more pure electric models to the Thai market and also bring in plug-in hybrid models to help the Thai automotive industry transition from fuel vehicles to new energy vehicles.

III. Why BYD can go further and further? There are 2 points worth pondering.

1. Overseas factories are an inevitable trend of the new energy vehicle era.

Nowadays, with the increasing pressure of global carbon emissions, countries are actively seeking new types of energy to replace oil energy, among which new energy vehicles represented by electric cars have become the mainstream choice.

New energy vehicles have higher requirements for components such as batteries, electric controls, and motors, requiring higher integration. This means that the production of new energy vehicles must have stronger technical support.

BYD's choice to build factories overseas is precisely because it has seen the inevitable trend of the new energy vehicle era. BYD can not only provide supporting services for the local market through overseas factories but also directly serve the surrounding markets, shorten transportation distances, reduce transportation costs, and thereby enhance the competitiveness of its own products.

2. Chinese automobile brands are entering an era of collective rise.

(The translation ends here as the original text also ends at this point.)In addition to BYD, brands such as Geely and Changan have also successively started the pace of overseas factory construction. Among them, Geely Automobile has factories in Sweden, Malaysia, and the United Kingdom; Changan Automobile has factories in Kazakhstan, Indonesia, and India. BYD has also set up factories in countries such as Brazil, Hungary, and Uzbekistan.

It can be said that Chinese automobile brands are entering an era of collective rise. On the one hand, thanks to the independent research and development strength of Chinese automobile brands, such as BYD's blade battery, DM hybrid technology, e-platform 3.0 Evo, and Yunyuan, which give Chinese automobile brands enough confidence overseas;

On the other hand, thanks to the cost-effective advantage of Chinese automobile brands, the products of Chinese automobile brands can meet the car purchase needs of overseas consumers at a lower price.

IV. Conclusion.

After 16 months, the completion of BYD's factory in Thailand has welcomed a reliable leading brand for the ASEAN new energy automobile market, and has also provided a new model for the further acceleration of the globalization process of Chinese automobiles.

It can be said that with the continuous success of BYD's overseas expansion, the pace of "going global" of Chinese brands will also be faster and more stable.

#BYD's 8 millionth new energy vehicle rolls off the production line#