BUSINESS

BYD Breaks Ground on Cambodia EV Plant as Part of Global Expansion

Published: May. 1, 2025 6:02 a.m. GMT+8

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BYD holds a groundbreaking ceremony in Sihanoukville for Cambodia’s first new energy vehicle production base on April 28, 2025.

BYD has broken ground on a $32 million passenger electric vehicle plant in Cambodia, marking its latest move to localize production as part of a broader global expansion that has seen the Chinese automaker become a top-selling EV brand in markets from Brazil to the UK.

The company said on Tuesday that the plant in Sihanoukville Special Economic Zone is expected to be finished by October 2025, with production starting in the fourth quarter. With an, The facility, with an annual capacity of 10,000 units, will make both battery EVs and plug-in hybrid EVs.

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BYD broke ground on a $32 million EV plant in Cambodia, expected to finish by October 2025 with a 10,000-unit annual capacity.
BYD's overseas NEV exports hit 433,000 units in 2024 and may reach up to 1 million in 2025; overseas revenue rose from $12.5bn (2022) to $30.5bn (2024).
BYD is expanding global production with new plants in Hungary, Turkey, Thailand, Indonesia, Brazil, Uzbekistan, and Cambodia to support rising exports.

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Who’s Who

BYD: BYD is a Chinese automaker rapidly expanding globally. It has opened or is building EV plants in Cambodia, Hungary, Turkey, Thailand, Indonesia, Brazil, and Uzbekistan. BYD leads NEV sales in countries like Brazil and the UK and has outpaced Tesla in several markets. Overseas revenue has surged, fueled by strong exports and a growing logistics fleet. The company aims to export up to 1 million passenger vehicles in 2025.

Tesla: According to the article, BYD outpaced Tesla in terms of sales in Australia, Italy, and Britain during the same period covered. This highlights BYD's growing competitiveness against Tesla in several international markets. No further details about Tesla are provided.

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