Can Indonesia Beat 2 Countries to Win BYD's Next Investment?

Following their commencement of plant construction in Thailand, the best-selling Chinese electric vehicle brand BYD is setting its eyes on three countries in Southeast Asia as candidates for their next production base.

Moh. Fatkhul Maskur

1 Jun 2023 - 16.01
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Can Indonesia Beat 2 Countries to Win BYD's Next Investment?

One of the modern vehicle production facilities owned by BYD in China. BYD is one of the largest electric and hybrid car manufacturers in China with the highest sales figures in the world beating Tesla in I/2023./Bisnis/Courtesy of carnewschina,com

Bisnis, JAKARTA - BYD Auto, the world’s best-selling brand of electric vehicles (EV), is continuing its expansion into Southeast Asia. Following their commencement of plant construction in Thailand, best-selling Chinese electric vehicle brand BYD is setting its eyes on three countries in Southeast Asia as candidates for their next production base.

BYD Auto is a subsidiary of BYD established in early 2023. With the backing of China’s growing market, BYD quickly shot up to the leaderboard of electric vehicle brands.

In June of 2022, BYD sales overtook the best-selling American EV brand, Tesla. Throughout 2023’s first half, their sales figures reached 641,000 units.

BYD’s success is also supported by its expansion into the exporting market and competitive product prices. In 2009, BYD started exporting its products to Africa, South America, and the Middle East.

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© Copyright 2024, Hak Cipta Dilindungi Undang - Undang.