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The BYD emblem is footage on its Qin EV300 mannequin throughout the Auto China 2016 auto present in Beijing, China April 26, 2016. REUTERS/Kim Kyung-Hoon
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SHANGHAI, Sept 6 (Reuters) – WHA Group, the Thai industrial property developer, stated on Tuesday that it and China’s BYD are set to announce plans for an electrical automobile (EV) manufacturing facility in Thailand.
The 2 corporations will maintain a joint information convention on plans for an EV facility in an industrial property in Rayong on Thursday, based on an invite from WHA Group.
Thailand’s Board of Funding in August authorised a gaggle of funding pledges together with BYD’s 17.9 billion baht ($491 million) undertaking to provide EVs. learn extra
BYD expects to begin promoting EVs in Thailand later this 12 months, Chinese language media outlet Jiemian reported.
($1 = 36.4600 baht)
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Reporting by Chayut Setboonsarng, Shanghai Newsroom; enhancing by Andrew Heavens; enhancing by Jason Neely
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