Thailand accounted for around 20% of BYD’s international sales in the third quarter, according to research firm Counterpoint, maintaining its spot as the automaker’s largest overseas market, where it is also investing 17.9 billion baht ($504 million) to build a factory scheduled to open this year.
EV sales in Thailand made up a little over 7% of all passenger vehicle sales in the country in the third quarter of 2023, Counterpoint data also showed, but it is one of the fastest growing EV markets in Southeast Asia, aided by government subsidies and policies…Read more