Philippines, Vietnam and Indonesia woo Chinese giant, which will open Thai plant in 2024
Customers look at BYD electric vehicles at a dealership in Shanghai. (Photo: Reuters)
The Philippines, Vietnam and Indonesia are competing to host another Southeast Asian electric-vehicle assembly plant for BYD Co, the world’s second-largest maker of EVs, according to a Philippine trade and investment official.
BYD last year sealed a deal to establish its first Southeast Asian plant in Thailand. The plant in Rayong is expected to start operation in 2024 and have an annual capacity of 150,000 vehicles, mostly for export to Southeast Asia and Europe.
The Chinese auto giant is in an “advanced stage of…
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