Chinese car maker BYD set to drive into Thailand market

Chinese car maker BYD announced that it will enter the Thailand car market, planning to work with local new energy vehicle dealer RêVER Automotive, the car maker said on its Weibo account on Tuesday.

The company plans to participate in this year's international auto expo in Thailand to display more vehicle models, BYD said.

BYD said that it has sold over 2.3 million new energy vehicles to more than 70 countries and regions as of Aug 9.

In July, the sales of new cars reached 162,530 units, an 183.2 percent increase year-on-year, and the new energy vehicles sold 162,214 units, jumping 184.7 percent year-on-year, BYD said.

Thailand's electric vehicle market has seen explosive growth in recent years, with nearly 30 global automobile makers entering the country's market, and 100,000 people having found employment in the industry.

By 2030, the output of electric vehicles will account for around 30 percent of Thailand's total car production, which will promote the country to become an important new energy vehicle market center in Southeast Asia, the business news website Caijing said.