BYD to Build Electric Vehicles in Vietnam in Southeast Asia Push

(Bloomberg) — BYD Co. plans to produce electric vehicles in Vietnam and expects support from the country’s government to do so, the Southeast Asian nation said following a May 5 meeting between Deputy Premier Tran Hong Ha and the automaker’s chairman and founder, Wang Chuanfu.

Wang expects Vietnam to create “favorable conditions” for BYD to complete investment procedures so it can quickly start making EVs to be sold locally and in other parts of Southeast Asia, according to a report on a government website late Friday after the meeting in Hanoi. The company plans to form a local supply chain.