CX Briefing: BYD to Build Malaysia Factory
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A rundown of the news making headlines in and around China:
BYD in Malaysia: BYD Co. Ltd. has announced it will build a new factory in Malaysia as the Chinese electric vehicle (EV) giant looks to build on its success in the Southeast Asian country. A BYD executive said Monday that the roughly 600,000-square-meter (148-acre) factory will be built in Tanjung Malim, a town in the Malaysian state Perak. The carmaker aims to open the plant in the second half of 2026. The plan comes as Malaysia’s tax exemptions on imported EVs are set to expire at the end of 2025. They will be replaced by incentives for locally manufactured vehicles. BYD models accounted for the largest share of newly registered EVs in the country over the first seven months of this year.

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