BYD said on Monday that it has made its first exports from Thailand to Europe as a shipment of more than 900 Dolphin hatchbacks left for destinations including the UK, Germany, and Belgium, Xinhua News Agency reported. The news comes just a year after the Chinese electric vehicle giant opened its first overseas plant for passenger cars in Rayong, Thailand, capable of making 150,000 EVs annually. The move represents another step forward in BYD’s globalization strategy and underscores Thailand’s vital role in the global EV supply chain, said Ke Yubin, general manager of BYD Thailand. Overseas automakers in Thailand have been offered generous incentives, namely 0% import duty, tax cuts, and direct subsidies for their EV imports, but are required to offset their imports with domestic production, including vehicles made for export, according to local news outlet Nation Thailand. [Xinhua, Nation Thailand]
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