Early last year, information appeared that BYD plans to build another manufacturing plant electric vehicle in ASEAN region next to the factory in Thailand. At that time, three candidate countries were named: Indonesia, Philippines and Vietnam.
Now, just entering 2024, BYD said it will build its second ASEAN electric vehicle factory in Indonesia. This announcement was made after the company introduced the Atto 3 Dolphin and Seal models in the Indonesian market.
BYD plans to invest more than 13 billion USD in this project; Construction will begin this year.
BYD said that when it comes into operation, the factory in Indonesia will have a capacity of 150,000 vehicles/year. This will be BYD’s 5th factory outside of China besides factories in Thailand Uzbekistan Brazil and Hungary.
Before BYD near Most recently there is Hyundai produces the Ioniq 5 electric car model at the Cikarang factory in Indonesia.
Leading the electric car segment for a long time and ending it in 2023 BYD has officially risen car China. The company’s goal is to surpass Tesla to become the largest pure electric car manufacturer in the world.
In 2023, although it has not yet surpassed Tesla in the field of pure electric cars, it will be the first time in BYD’s history. has appeared in the Top 10 largest automobile manufacturers in the world in terms of sales.
Of the total number of vehicles sold by BYD in 2023, 1.57 million are pure electric vehicles (BEV) and 1.4 million are plug-in hybrid vehicles. Meanwhile, Tesla achieved sales of 18 million vehicles preserve the throne in the pure electric vehicle market.
BYD has shortening the gap to nearly 400,000 cars compared to Tesla, only about half compared to last year. Notably, in the last quarter of 2023, BYD had higher pure electric vehicle sales than Tesla, showing that the American car company will have a harder time maintaining the throne in 2024.
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