Chinese automaker BYD set to announce electric vehicle production facility in Thailand

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WHA Group, the Thai industrial estate developer, said on Tuesday that it and China’s BYD Company are set to announce plans for an electric vehicle manufacturing facility in Thailand.

The two companies will hold a joint news conference on plans for an EV facility in an industrial estate in Rayong on Thursday, according to an invitation from WHA Group.

Thailand’s Board of Investment in August approved a group of investment pledges including BYD’s 17.9 billion baht ($491 million) project to produce EVs, and BYD expects to start selling EVs in Thailand later this year, Chinese media outlet Jiemian reported.