Chinese EV Giant BYD Pushes Into Thailand With New Factory Deal

BYD has been stepping up an overseas expansion, announcing sales in seven new markets in recent months including Japan, Thailand and Germany.

Chinese electric car and battery maker BYD Co. Ltd. inked a deal to build its first overseas passenger car factory in Thailand.

BYD, China’s biggest maker of electric vehicles (EVs), signed a land purchase deal Thursday with WHA Corp., Thailand’s largest industrial estates developer, for the new production unit. BYD didn’t disclose the amount of investment.

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