CHINESE automaker BYD has broken ground on a US$32 million passenger electric vehicle plant in Cambodia, reports Caixin.
This marks BTD's latest move to localise production as part of a broader global expansion that has seen the automaker become a top-selling EV brand from Brazil to the UK.
The company said the plant in Sihanoukville Special Economic Zone is expected to be finished by October 2025, with production starting in the fourth quarter. The facility, with an annual capacity of 10,000 units, will make both battery EVs and plug-in hybrid EVs.
The Council for the Development of Cambodia, which oversees investment projects and private sector growth in Cambodia, confirmed the site will be a CKD (completely knocked down) assembly plant.
The move is part of BYD's broader 'passenger car going global' strategy, launched in May 2021, which has seen the company enter more than 100 countries and regions. The carmaker is rapidly increasing localized production to sidestep trade barriers and reduce export costs.
SeaNews Turkey
This marks BTD's latest move to localise production as part of a broader global expansion that has seen the automaker become a top-selling EV brand from Brazil to the UK.
The company said the plant in Sihanoukville Special Economic Zone is expected to be finished by October 2025, with production starting in the fourth quarter. The facility, with an annual capacity of 10,000 units, will make both battery EVs and plug-in hybrid EVs.
The Council for the Development of Cambodia, which oversees investment projects and private sector growth in Cambodia, confirmed the site will be a CKD (completely knocked down) assembly plant.
The move is part of BYD's broader 'passenger car going global' strategy, launched in May 2021, which has seen the company enter more than 100 countries and regions. The carmaker is rapidly increasing localized production to sidestep trade barriers and reduce export costs.
SeaNews Turkey
